Sports, entertainment prediction markets shouldn’t fall to securities law: CSA

The Canadian Securities Administrators (CSA) and the Canadian Investment Regulatory Organization (CIRO) have suggested that securities regulators should not oversee entertainment and sports prediction market trading in Canada. Instead, the responsibility should be on another entity. Prediction markets allow customers to place small bets on real-world events, such as the Bank of Canada's next interest rate change or the number of hurricanes for a given year.

Currently, only Wealthsimple and Interactive Brokers are approved to offer prediction market trading in Canada, with a focus on economic, financial, and climate matters. The union representing Winnipeg Transit drivers has again called for buses to be equipped with full safety shields after another assault on a partially protected transit operator.