An upheaval in the world of Ontario sports betting

An upheaval in the world of Ontario sports betting

Ontario had been talking for a few months about its desire to create a reliable market for online gambling. Well, it's been done for the online sports betting market since October 13, 2021. Indeed, thanks to the law for operators in Ontario , online gambling establishments can begin to carry out the registration with the AGCO to be able to hope to be then homologated.

In order to guarantee maximum protection with regard to Ontario bettors, the procedure for being authorized to offer online sports betting requires operators to be able to transmit key elements to the AGCO, such as :

• ➡️ An accounting balance sheet ;
• ➡️ An account of all decision-making activities ;
• ➡️ A verified assessment of the compliance of the gaming site.

Soon regulatory fees are to be expected for gaming platforms during registration. The latter are of the order of $ 100,000 annually per gaming site.

What are the consequences of this change in the law?

This change of law initiated by the AGCO has the primary purpose of ensuring the protection of users gaming platforms by establishing a legal and secure framework. It is also a way to combat insider betting and fraud of all kinds.

The aim of this reform is to allow :

• ✅ An increase in the integrity of the games ;
• ✅ A reduction in illegal activities related to gambling ;
• ✅ A strengthening of acceptable betting criteria ;
• ✅ A revision of the standards related to advertising for sports betting ;
• ✅ An improvement in responsible gaming.

The opening of the markets for sports betting was something much awaited in the gambling market. We can strongly hope that this change of law will take place soon with regard to the online casino .

In the meantime, you can find the ranking of the best online casinos of the moment and entertain you with a multitude of hand-picked casino games.