Today, Canadians find out if they will be able to wager on the Super Bowl or Game 7 of the Stanley Cup Final. Details of the federal proposal will be presented during an event in Niagara Falls, Ontario, a government source has confirmed.
The betting world has been speculating for a long time that Ottawa is about to release information about the plan to start single-game sports betting in Canada, and it turns out that this is happening sooner than expected, as Canadians are now allowed to bet on single sporting events, according to the news. The Senate has authorized the long-awaited legalization of single-event sports betting in Canada.
This legality was pushed about a decade ago to get single-event sports betting approved, and since then, many people have fought tirelessly to make it a reality. On Saturday, a government source confirmed that the specifics of this approval would be reviewed in a meeting in Niagara Falls, Ontario.
Waugh is a supporter of single-game betting, and he advocated the lifting of the restriction on single-event sports betting earlier this year, which was granted by royal assent in June. After this decision, it is left to the government whether this rule comes into effect or not.
It is not permissible to bet on single-sports events because the existing law requires Canadians to wager on numerous games in order to prevent malpractices such as sports rigging.
Since the bill’s passage, Canadian gaming regulators and operators have begun to modify their operating systems to allow single bets on sporting events.
Sports-related gambling options have long been available in Canada for a very long time; therefore, an underground market of illegal bookies developed over years. More recently, the proliferation of internet availability and smartphones has allowed Canadians to spend their sports-betting dollars with many offshore companies.
In recent years, sports betting has exploded in popularity. People have been betting on sporting events since it has been shown to be the easiest way to make a lot of money in a short period of time. Over 25 states in the United States have taken steps to authorize single-event sports betting.
Those who believe that this is another idiotic decision to increase addictions through sports betting are mistaken. Over the years, Increased government control will allow more cash to be allocated to treatment choices for individuals who require them.
Canadian Betting Authorities won’t be able to do any victory laps unless single-event sports betting becomes popular and attracts the attention of bettors.