Double-dipping: Ontario regulator looks into online betting self-exclusion loophole

Double-dipping: Ontario regulator looks into online betting self-exclusion loophole

Article brief provided by Yahoo Finance Canada
  • Jeff Lagerquist, Yahoo Finance Canada
June 28, 2022 10:27 PM
  • Jeff Lagerquist, Yahoo Finance Canada

The Ontario crown agency responsible for gambling in the province is “gathering information” about abuse of a government-mandated feature meant to curb the risk of addiction.

Story continues below

The Alcohol and Gaming Commission of Ontario (AGCO) says it’s aware that some gamblers may be self-excluding from sportsbooks in order to back out of losing bets. Meanwhile, the individual may have bet the other side of a game or match with a rival sportsbook, allowing the person to collect a refund from one, and winnings from another.

“The AGCO is aware of the self-exclusion program concerns you’re referring to, and is gathering more information,” Raymond Kahnert, senior communications advisor with the AGCO, told Yahoo Finance Canada in an email.