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Prediction markets remain banned in Canada as binary wagers fall outside legal sports betting, GambleRss reports
- Prediction markets remain banned in Canada as binary wagers fall outside legal sports betting, GambleRss reports — GambleRss notes prediction market companies earn revenue from transaction fees while binary wagers like those offered on Polymarket and Kalshi are banned in Canada, and event contracts in the United States are governed by the CFTC. Ontario's licensed online sports betting market continues to grow, but no legal route for prediction markets in Canada exists yet. (GambleRss)
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