Canada remains a closed market as the legal debate resurfaces

Canada’s prediction-market debate is resurfacing, but the legal position remains unchanged: binary wagers are still banned, according to gamblerss.com. The renewed discussion does not itself signal a market opening.

A record for licensed iGaming—not a change in access

Ontario’s licensed iGaming revenue reached a record CAD $406.2M, according to gamblerss.com. That milestone sits alongside the continuing prohibition on binary wagers rather than marking a shift in their legal status.

The distinction matters for readers tracking potential access to Canadian prediction markets. Record revenue in licensed iGaming is not evidence that binary wagers have become permissible.

What remains unresolved

The available summary provides no timetable for legalization or details of a proposed legal change. With the source’s full page text unavailable, there is no basis in the supplied material to identify a specific route toward opening the market.

What it means for prediction markets

• The current restriction remains the central fact: binary wagers are still banned in Canada.
• Ontario’s revenue record is a separate development: CAD $406.2M in licensed iGaming revenue does not establish permission for binary wagers.
• Legalization timing remains unspecified: the supplied reporting describes renewed debate, not a confirmed policy change or implementation date.