Doug Hood, the director overseeing sports betting projects at the Alcohol and Gaming Commission of Ontario (AGCO), shares that the introduction of a regulated market has unfolded largely as anticipated up to this point.Ontario sports betting He commented, \"So far, everything is progressing well. The feedback we've received from the industry indicates that our established framework provides considerable flexibility, allowing operators to introduce bets swiftly while ensuring compliance with our guidelines.\"
On Tuesday morning, Hood inaugurated the SiGMA Americas summit in Toronto, where a three-day agenda packed with workshops, networking, and awards is taking place at the Enercare Centre. He provided a foundational overview for those present, noting that Ontario's legal gambling market has only just begun, having launched less than two months ago.
"For Day 1's opening, attendees will get insights from a regulator,\" he mentioned with a hint of humor. Given the rapid transformation of the sports betting scene in Ontario, Hood's initial remarks were highly relevant. The industry is in flux,
As he explained to the audience, several of whom may not be aware of Ontario's quick transition from an unregulated grey market to a newly established legal market, this evolution has been both swift and thrilling. This shift followed the passing of Bill C-218 last summer, which legalized single-event sports betting throughout Canada, and led to the establishment of Ontario's iGaming market, overseen by the AGCO and operated by iGaming Ontario.went live on April 4 .
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As of Tuesday, a total of 38 licenses have been granted to Internet Gaming Operators, with 24 iGaming sites currently operational. You can explore some of the leading
Hood stated that the goals set by the government included promoting consumer choices, fostering the growth of the legal sector, and minimizing bureaucratic hurdles. This is aimed at directing as much online gambling as possible into the regulated marketplace while ensuring that players in Ontario are safeguarded by the highest standards in responsible gambling, player protection, and sector integrity.Ontario sports betting apps that have launched.
Hood also emphasized that the regulator has aimed to accommodate a wide range of betting options, allowing players to engage in the types of activities they expect to see online, such as live betting and esports betting.consumer protection Recognized Sportsbook with Competitive Betting Opportunities
Participants must be 19 years or older. Terms and Conditions apply. Gamble Responsibly
"Criteria entail that participants must be 18 years or older, no objectionable bets are allowed [such as wagering on someone's death], and operators are required to collaborate with an independent integrity monitor,\" Hood explained. \"We aim to ensure that integrity-related information shared across sports, law enforcement, regulators, and the industry is done in an effective manner.\"
Hood made it clear that AGCO officials recognized they were in a phase of acquiring knowledge from the start, actively listening to industry experts during their consultation period.
"Rather than reinventing the wheel, we explored global practices and identified the most effective elements from various existing systems while developing our regulatory framework. For instance, the integrity monitor section was inspired by the model used in the United States,\" he stated.
Hood noted that the International Betting Integrity Association has expressed interest in promoting the Ontario model to other regions globally.
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Participants must be 21 years or older. Terms and Conditions apply. Gamble Responsibly
SiGMA Americas serves as a global center for everything related to the iGaming sector, covering aspects from regulation and marketing to responsible gaming. Operators, service providers, IT specialists, innovators, entrepreneurs, and investors are congregating for the inaugural event of its type in Ontario, coinciding with the launch of the regulated market.
Tuesday's agenda consisted of a series of panel discussions addressing topics such as sports betting, customer acquisition and retention strategies, the role of cryptocurrency in regulated iGaming and sports betting, and investment opportunities in the gaming and sports wagering sectors.
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19+. Ontario Only. Please gamble responsibly. If you need assistance with gambling or have concerns regarding someone you know, reach out to ConnexOntario at 1-866-531-2600
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