Canadian Sports Betting Bill Passed
The Act specifically regulates single-game betting, which is illegal in most Canadian provinces
While the majority of changes to sports betting legislation are focused on the American states, it appears Canada is looking to get a slice of the action, with Canadian lawmakers having today passed the first round to approve the Safe and Regulated Sports Betting Act of 2021.
The Act specifically regulates single-game betting, which is illegal in most Canadian provinces. While the bill is yet to be formally approved, it’s a strong signal that things are heading in the right direction for the Canadian betting industry.
It will require a third reading and then approval from the Senate before becoming law.
“Today’s development in the House of Commons, focusing on the legalization of single event sports betting in Canada, is a significant step forward in the process to amend an outdated law,” theScore Founder and CEO John Levy commented.
“The positive outcome of today’s vote demonstrates the continuing momentum and strong cross-party support for this issue. We expect that the legalization of single-event sports betting will facilitate the introduction by provinces and territories of a much-needed modernized sports betting framework in their respective jurisdictions that can include important consumer protections and the ability to generate new revenue streams for provincial and territorial governments.”
