U.S.-Canada relations aren’t exactly at an all-time high right now, but U.S.-based prediction market operators have yet to strain those ties further by trying to launch their brand of online sports wagering via event contracts north of the border.
For example, Kalshi is the leader among prediction market operators in the U.S. regulated market right now, and its member agreement prohibits trading from Canada.
“We’ve dodged a bullet,” Canadian Gaming Association president and CEO Paul Burns said during a Canada-focused panel this week at NEXT.io’s New York Summit.
That bullet hasn’t been dodged in the U.S., where federally regulated prediction markets have disrupted the status quo of the traditionally state-regulated business of online sports betting.
