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Hundreds of thousands bet on Ontario mayoral races on Polymarket and Kalshi despite Canadian election betting ban
- Hundreds of thousands bet on Ontario mayoral races on Polymarket and Kalshi despite Canadian election betting ban — Close to 400,000 dollars has been bet on Polymarket on the Toronto mayoral race and about 43,000 dollars on Kalshi, with smaller markets for Oshawa, Oakville and Mississauga ranging from about 5,000 to 40,000 dollars. Betting on election outcomes is not allowed in Canada and Polymarket is serving a two-year ban in Ontario, though the markets themselves sit outside Canadian rules. (Ottown)
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