The first question that comes to mind is whether or not it is legal. The quick and general answer to that is: yes. However, similar to other countries like the US for example, which is comprised of many different states, individual Canadian states are also able and allowed to make their own set of rules. In August 2021, the nation agreed to specifically make single-game sports betting legal in Canada. This was an interesting change as it allowed for sports betting within the nation. Sports betting has since become a favored pastime for individuals interested in sports and many favorite BonusFinder Canada online sites have become more and more popular in the country.
The intricacies within Canadian law around sports betting are intricate and will be unfolded below.
What is the C-218 bill?
The Canadian lawmakers issued a bill, called the C-218 bill also dubbed the ‘Safe and Regulated Sports Betting Act’.
This bill makes it possible for each provisional government to manage its own set of rules around the activity of sports betting. This is allowed for all kinds of single-betting sports, except horseracing, as it falls under its own set of rules and for which different regulations apply. This has brought about a massive change in how betting is seen by the country. How it worked was that only national lotteries were allowed and that was the extent of it. How Canada has solved the idea around sports betting is that they have made it available through each state’s national lotteries, so that some form of control can still be held. The names of the national lotteries per state are listed below. These form the bedrock upon which sports betting platforms.
- Alberta – Western Canada Lottery Corp
- British Columbia – British Columbia Lottery Corp
- Manitoba – Western Canada Lottery Corp
- New Brunswick – Atlantic Lottery Corp
- Newfoundland and Labrador – Atlantic Lottery Corp
- Nova Scotia – Atlantic Lottery Corp
- Ontario – Ontario Lottery and Gaming Corp
- Prince Edward Island – Atlantic Lottery Corp
- Quebec – Loto-Québec
- Saskatchewan/Nunavut, Yukon and Northwest Territories – the same as Alberta and Manitoba, the Western Canada Lottery Corp
Another interesting fact about this bill is that it gives each state the option to either accept or deny the ruling. This means that if a state decides to ban sports betting in a specific state, they have the power to do so. Till now, no state has decided to pursue this route but governing decisions are ever-changing so this could still become an option in some states.
Legal Software to Safeguard Canadian Players
Other areas keeping legalities in place and ensuring that people from different states aren’t taking advantage of different state laws and pretending to be somewhere they’re not through VPNs (Virtual Private Network) is strong security software and technology. The majority of states in Canada allow players over 18 to partake in sports betting, whereas states like Alberta, Manitoba and Quebec require players to be over the age of 19. Certain technologies are put in place to ensure that safe and secure play is encouraged.
The act of sports betting is an exciting and captivating thing. It is designed to pull players in and give them a platform to make wagers and hopefully win. To keep players safe, certain technologies are in place to keep players secure.
Blockchain technology is a sound example. This technology is an advanced database mechanism that records every single transaction on a public ledger. The benefit of this is that players are kept safe as each of their bets and wagers are recorded, so should there be a glitch in the online platform system where their winnings suddenly disappear or a hacker in the system, the transaction is recorded and can therefore be traced back. This safely encourages exchanges between people. Another important thing to note with this technology is that information can only be accessed through a secure password code. Only people who have this authoritative access can look into the back end of the ledger and see the information. Keeping everyone’s information safe and anonymous.
Furthermore, another high-quality piece of technology is the ‘hardware wallet’. This wallet securely stores private coins, cryptocurrencies and tokens. This technology is not embedded into a device, like a desktop computer, as it operates completely independently. How this benefits the user is that it is physically offline and also portable, as it can often be kept on a hard drive or large USB. This gives users flexibility of use and they can access their cryptocurrencies to make online wagers at any time, securely. It also gives players the peace of mind that their wallet cannot be hacked as it is not embedded anywhere. Trying to hack a hardware wallet is virtually impossible, keeping players’ tokens and coins safe. As opposed to the ‘soft wallet’ which is a technology that essentially does the same thing but stores the information in a computer’s software, making it easy to access to talented hackers.