Single Event Sports Betting Could be Given the Green Light in Canada
by Glenn Baird - November 25, 2020
The Canadian Gaming Association (CGA) has confirmed what many saw coming; that a bill allowing gamblers in Canada to bet on single sporting events has been tabled.
As the law currently stands it is illegal for anyone in Canada to bet on a single sporting event. This has proved problematic for gamblers looking to bet on individual horse racing or one-off events, like the Super Bowl.
The reasoning behind the law was always intended to protect sports from match-fixing. The theory being that it is much harder to influence the outcome of more than one sporting event than just one.
The bill, titled C-218, is otherwise known as the Safe and Regulated Sports Betting Act,. It is set to be introduced in the House of Commons in the near future.
A spokesperson from the CGA said it was “pleased that the federal government has recognised the urgent need to amend the Criminal Code to offer safeguards to Canadians as well as an economic recovery tool for the provinces.”
If the bill is passed it will allow Canadians the safe measures they currently experience and will also open up new revenues, especially when events like the Super Bowl happen, ensuring that money gambled remains within Canada.
“We can’t emphasize enough how this small change to the Criminal Code will help communities recover from the economic devastations of the COVID-19 shutdown,” the CGA concluded.
It is estimated that roughly $4bn is wagered offshore, something that this bill is likely to have some impact on.