No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, June 3, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Ontario Liberals Move to Ban iGaming Advertising Four Years After Privatization

by TheAdviserMagazine
1 month ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Ontario Liberals Move to Ban iGaming Advertising Four Years After Privatization
Share on FacebookShare on TwitterShare on LInkedIn


Key Takeaways:

Ontario Bill 107 would ban online gambling ads across TV, social media, and paid sponsorships. Fines reach C$1 million; second conviction triggers license revocation. Ontario PCs hold 80 seats; Liberals hold 14, making passage unlikely.

A Legislative Backlash to the 2022 Privatization

Lee Fairclough, the Liberal critic for mental health, addictions, and homelessness, tabled the bill in the Legislative Assembly of Ontario on April 20. It cleared its first introductory vote and was ordered for second reading, with debate scheduled for mid-May. The proposal would amend Ontario’s Gaming Control Act, 1992, to prohibit roughly 50 licensed sportsbook and iGaming operators — and the firms marketing on their behalf — from promoting their platforms through broadcast media, social media, or paid sponsorships.

The bill frames itself explicitly as a reversal of the Doug Ford government’s 2022 decision to open Ontario to private iGaming operators. “Online gambling is becoming a public health crisis,” Fairclough said in the statement accompanying the bill, which also states that calls to ConnexOntario, the province’s mental health and addictions helpline, have risen 144 percent since the regulated iGaming market launched in April 2022 – a figure that was likely derived from the Canadian Medical Association Journal’s March 2 study this year.

Fairclough has argued that gambling platforms could be “supercharging” addiction, pointing to the ubiquity of promotional content as a driver of normalization. The bill draws an explicit parallel with tobacco, alcohol, and cannabis – each subject to advertising restrictions in Canada.

Per the bill draft, individuals convicted of breaching the advertising prohibition would face fines of up to C$100,000, while corporate violators could be liable for up to C$1 million. A second conviction triggers mandatory revocation of a supplier’s registration, designed to prevent operators from treating financial penalties as a cost of doing business.

While the bill is unlikely to pass – the Progressive Conservatives hold 80 seats in the Ontario Assembly, the Liberals just 14, leaving Fairclough’s caucus as the third party rather than the official opposition – it is moving in parallel with the federal Bill S-211, titled the National Framework on Sports Betting Advertising Act, which has passed the Senate and is awaiting further House of Commons consideration under Prime Minister Mark Carney’s newly secured Liberal majority.

The Canadian Gaming Association issued a statement on April 22 opposing Bill 107, arguing that Ontario’s existing framework already constitutes “some of the most rigorous marketing regulations in North America.” Licensed operators are already barred from advertising promotional bonuses outside their own websites, apps, and direct customer channels, and are prohibited from marketing to high-risk cohorts, minors, or self-excluded players.

The Alcohol and Gaming Commission of Ontario strengthened these rules further in 2024 by restricting the use of athletes and celebrities in ads. The CGA argued the bill would “essentially allow illegal operators to flood social media with posts, making it impossible for Ontarians to identify licensed providers while weakening the authority of the AGCO.”

This argument mirrors a talking point based on industry insights elsewhere in the world. In the United Kingdom, research published in April by the Betting and Gaming Council has recently forecasted that unlicensed operator ad spend will exceed that of regulated firms for the first time by 2028. This is driven by the same structural pattern, where regulatory tightening on licensed operators creates space for offshore alternatives and other noncompliant actors.

Ontario’s regulated market has grown substantially since launch. Figures from iGaming Ontario’s 2024-25 annual report show C$82.7 billion in wagers, C$2.9 billion in gaming revenue, 50 operators, and more than 2.6 million active player accounts.

As the regulatory discussion continues on a federal and provincial level alike, Alberta is set to become the second Canadian province to launch a competitive iGaming market in July.



Source link

Tags: AdvertisingBaniGamingLiberalsMoveOntarioPrivatizationYears
ShareTweetShare
Previous Post

The Next Food Pyramid: Lab-Grown Meat and the New Moral Orthodoxy

Next Post

‘CAR’ crash: Avis Budget stock plunge reminding some on Wall Street of GameStop

Related Posts

edit post
Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

by TheAdviserMagazine
June 3, 2026
0

Israeli taxpayer disclosures of profits from cryptocurrencies have reportedly fallen short of expectations at the Israel Tax Authority after enactment...

edit post
Solana Price Struggles Below 0, But This Level Changes Everything

Solana Price Struggles Below $100, But This Level Changes Everything

by TheAdviserMagazine
June 3, 2026
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst has announced that the...

edit post
Treasury Secretary Vows To Advance Strategic Bitcoin Reserve

Treasury Secretary Vows To Advance Strategic Bitcoin Reserve

by TheAdviserMagazine
June 3, 2026
0

U.S. Treasury Secretary Scott Bessent indicated that the Trump administration is still pursuing a strategic Bitcoin reserve. He noted that...

edit post
Vitalik wants DeFi price crashes to stop triggering automatic liquidations

Vitalik wants DeFi price crashes to stop triggering automatic liquidations

by TheAdviserMagazine
June 3, 2026
0

Vitalik Buterin is challenging one of DeFi's most familiar safety mechanisms: the automatic liquidation that closes a debt-backed position when...

edit post
CoinShares Bull Case Sees Ethereum Hitting ,135 By 2031

CoinShares Bull Case Sees Ethereum Hitting $14,135 By 2031

by TheAdviserMagazine
June 3, 2026
0

CoinShares has laid out a five-year valuation framework for Ethereum that puts ETH at $14,135 by 2031 in its bull...

edit post
SEC Draft Plan Would Curb Enforcement Reach and Cement Atkins’s Crypto Turn

SEC Draft Plan Would Curb Enforcement Reach and Cement Atkins’s Crypto Turn

by TheAdviserMagazine
June 3, 2026
0

The US Securities and Exchange Commission (SEC) has put its turn under Chairman Paul Atkins into writing, publishing a draft...

Next Post
edit post
‘CAR’ crash: Avis Budget stock plunge reminding some on Wall Street of GameStop

'CAR' crash: Avis Budget stock plunge reminding some on Wall Street of GameStop

edit post
Cyera buys Israeli startup Ryft for over 0m

Cyera buys Israeli startup Ryft for over $100m

  • Trending
  • Comments
  • Latest
edit post
Supreme Court Delivers More Bad Redistricting News for Democrats

Supreme Court Delivers More Bad Redistricting News for Democrats

May 19, 2026
edit post
From Maine to Michigan, Democrats Are Making Communism Great Again

From Maine to Michigan, Democrats Are Making Communism Great Again

May 16, 2026
edit post
Minnesota Wealth Tax | Intangible Personal Property Tax

Minnesota Wealth Tax | Intangible Personal Property Tax

May 6, 2026
edit post
It’s Time To Talk About Massie

It’s Time To Talk About Massie

May 23, 2026
edit post
Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

Gavin Newsom issues ‘final warning’ amid California’s dire housing crisis — what’s at stake for millions of residents

May 3, 2026
edit post
Red Snapper Used as Cudgel by Fed Judge

Red Snapper Used as Cudgel by Fed Judge

May 31, 2026
edit post
Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

0
edit post
AI is crushing startup valuations for pre-ChatGPT firms

AI is crushing startup valuations for pre-ChatGPT firms

0
edit post
SpaceX reveals its share price and record valuation: 5 a share, at a .77 trillion valuation

SpaceX reveals its share price and record valuation: $135 a share, at a $1.77 trillion valuation

0
edit post
U.S., Iran intensify attacks as ceasefire frays, peace talks stall

U.S., Iran intensify attacks as ceasefire frays, peace talks stall

0
edit post
Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

0
edit post
7 Payment-App Traps That Drain Seniors’ Bank Accounts

7 Payment-App Traps That Drain Seniors’ Bank Accounts

0
edit post
Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?

June 3, 2026
edit post
Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report

June 3, 2026
edit post
SpaceX reveals its share price and record valuation: 5 a share, at a .77 trillion valuation

SpaceX reveals its share price and record valuation: $135 a share, at a $1.77 trillion valuation

June 3, 2026
edit post
7 Payment-App Traps That Drain Seniors’ Bank Accounts

7 Payment-App Traps That Drain Seniors’ Bank Accounts

June 3, 2026
edit post
8 Free (or Cheap) Doughnut Deals for June 5

8 Free (or Cheap) Doughnut Deals for June 5

June 3, 2026
edit post
U.S., Iran intensify attacks as ceasefire frays, peace talks stall

U.S., Iran intensify attacks as ceasefire frays, peace talks stall

June 3, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Oil Price Today (June 4): Crude oil slips as Israel-Lebanon ceasefire fuels Iran war peace hopes. What’s next?
  • Israel’s Tax Authority ‘Disappointed’ in Voluntary Crypto Disclosures: Report
  • SpaceX reveals its share price and record valuation: $135 a share, at a $1.77 trillion valuation
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.