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19+ Independent coverage of Canada's regulated gambling market
Gambling news · Canada
REGULATION September 9, 2026

Kalshi Trade Data Show Sports Bets Dwarf the Contracts It Calls Swaps

An analysis of Kalshi's own trade data finds sports and crypto contracts made up 95% of August volume, complicating its "swap" defence against state regulators.

ENFORCEMENT Sep 8
Los Angeles named Evolution AB in a landmark supplier-liability suit over Stake.us, but the case is absent from a year of company filings.
REGULATION Sep 5
A CFTC mandate pushed ProphetX, Novig and Kalshi to swap familiar plus/minus odds for percentages, sparking trader backlash south of the border.
REGULATION Sep 4
NJ petitions SCOTUS as courts split on Kalshi; Michigan tightens its ban, and the NFL presses exchanges over player-injury markets.
REGULATION Sep 4
A bill filed in Illinois would kill a months-old tax on sports prediction markets, but leaves the state's fight with Kalshi and the CFTC unresolved.
Canadian market data · Q2 2026
Total wagers, Q2 C$25.1B
Gaming revenue C$914M
Live operators 51
Active player accounts 1.4M

Latest

Updated hourly
REGULATION Sep 3
After a bettor accessed confidential horse health data, Churchill Downs and horsemen's groups want federal auditors to review HISA's IT systems.
ENFORCEMENT Sep 3
Colorado regulators penalized Fanatics Sportsbook after a self-excluded customer received two promotional texts, raising questions about enforcement scale.
REGULATION Sep 2
The NFL wants 21+ standards and manipulation safeguards before any official prediction-market deal, as Novig and rivals jostle for football fans.
REGULATION Sep 2
A Jumio study finds gamblers want fast, private age checks as Ontario's AGCO cracks down on verification failures.

By province

13 jurisdictions, 13 rulebooks
ON Open market
51 operators live under iGaming Ontario
AB Launching 2027
First private licences issued this month
BC Crown monopoly
PlayNow keeps exclusive online rights
QC Under review
Loto-Québec consults on opening up
ATL Crown monopoly
Atlantic Lottery online growth flattens

More news

Sep 2
The Ringer founder admitted on his podcast to letting someone else place FanDuel bets under his account, breaching proxy-betting rules.
Sep 2
A state court deadline is forcing Pennsylvania lawmakers to revisit skill-game taxation, with a fresh 20% proposal from Rep. Russ Diamond.
Sep 1
Prediction market Kalshi disclosed five new enforcement cases, including a lifetime ban for George Santos and penalties on candidates who bet on their own races.
Aug 31
CFTC settlement finds Gabriel Perez used advance access to Trump's speeches to profit on 39 of 43 Kalshi "mention" contracts.
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