Canadian gamblers are in for a treat as another leading sport betting entity enter the country. On Monday, September 19, 2022, Odds On Compliance reported that it will be making its debut in the Canadian gambling landscape, with the help of Osler, Hoskin & Harcourt LLP. Thus, launching its Playbook platform to local audiences on Tuesday, September 20, 2022.
Odds On Compliance is a technology and consultancy firm specializing in sports betting, iGaming and gambling compliance and regulatory frameworks, in the U.S., Canada and more jurisdictions. It offers a wide range of services, that help its clients in navigating, mastering, and staying up to date with regulatory compliance frameworks at state or federal levels in the U.S.
Starting from September 20, 2022, subscribers of Odds On Compliance’s Playbook in Canada will have access to Playbook Canada. This way users will have access to Canadian gaming regulations within the company’s cutting-edge online platform. The new product is set to feature Canadian gaming regulations, following Ontario’s legalization of sports betting made earlier in 2022.
CEO and Co-Founder of the leading brand, Eric Frank, shared that he is proud to see the continued expansion of the firm’s innovative Playbook onto new regions. In his words, this is another forward step for the company in the advancement of its technology. He is now looking forward to cooperating with Osler’s team in providing Playbook users with even more gaming regulations.
Currently, Playbook offers a digital platform for a complete collection of regulatory documents for the U.S. and Canada with regulated sports wagering, daily fantasy sports, iGaming, and iLottery. It also features carefully curated, managed, and updated statutes, regulations, and requirements that allow businesses to stay in touch with the agencies that regulate them.
Sports Betting Changes in Canada
After the last year or so, the sports betting scenery of Canada has experienced some drastic changes. For instance, in August 2021, the federal government decriminalized single-event betting, which lifted the ban on wagering legally on individual sporting events such as the Super Bowl. This was done after Bill C-218 or the Safe and Regulated Sports Betting Act was enacted law.
Several months after the legalization of single-event betting, Ontario introduced its own online gaming and sports betting market for private operators. The new sector opened up on April 4, 2022, and it has attracted plenty of interest from many big-name sportsbook brands. So far, DraftKings, FanDuel, BetMGM, Bet99, PointsBet and many former grey-market operators have made their entry.
However, some of the provincially licensed operators are not quite happy with the market and its regulator – the Alcohol and Gaming Commission of Ontario. This is due to the fact that AGCO operates the market with a strict hand when it comes to regulated activities, while grey-market operators continue to function in the province unbothered.
Source: “ODDS ON COMPLIANCE LAUNCHES PLAYBOOK CANADA” Odds On Compliance, September 19, 2022