Canada Tightens Rules for Sports Prediction Markets

Canada’s investment regulator has strengthened restrictions on prediction markets , prohibiting sports and entertainment contracts and requiring brokers to hide unauthorised markets. The Canadian Investment Regulatory Organization (CIRO) published the updated requirements on 16 October 2026, building on joint guidance with the Canadian Securities Administrators (CSA) issued in August. The changes affect firms offering event contracts through Canadian investment accounts, including brokers connected to international prediction exchanges . CIRO says displaying products that clients cannot trade could create confusion about which services regulators have approved.