AGCO Releases Draft Sports Betting Standards for Consultation
July 28, 2021
As Ontario gears up to lead the way in Canada's revamped sports betting market, the Alcohol and Gaming Commission of Ontario (AGCO) has released its draft sports wagering standards for consultation.
The AGCO's Project Director of Sports Betting, Doug Hood, has been working with the Canadian Gaming Association (CGA) to help get the AGCO ready to implement sports betting over the coming weeks and months.
Of particular note in the standards is that the AGCO will not be restricting products: betting exchanges, DFS, eSports, and live in-game wagering will all be permitted within the province's market. In addition, any operators who want to offer sports betting will not be required to use official league data.
The CGA says it will continue to play a leading role in helping to shape Ontario's new sports betting landscape and is continuing to consult with its sports betting, eSports, and supplier members on a collective industry response. It notes that any questions can be directed to CGA President and CEO Paul Burns at firstname.lastname@example.org.
Burns recently noted in a Q&A with Bookies.com that Ontario "poses the greatest opportunity in the sports betting market" and that some level of single-event sports betting could be up and running by Labour Day.
The AGCO is seeking feedback on the draft standards, and the submission deadline for consultation is August 18, 2021.
The full sports betting draft standards can be found here.
Looking to a new future
The AGCO has been busy in recent weeks, having launched an iGaming Ontario subsidiary mandated with facilitating the creation of a safe, regulated, and competitive online gaming market.
It has also published its initial rules for iGaming in Ontario. The Registrar’s Standards for Internet Gaming include, among numerous other directives, the prohibition of auto-play for online slot games and the enforcement of a minimum spin speed of 2.5 seconds.
In addition, as casinos reopen across Ontario, the Commission of Ontario has established an inter-agency task force in conjunction with Ontario Provincial Police (OPP) and Ontario Lottery and Gaming (OLG), to monitor cash transactions as casinos reopen and the province gears up to further open up its igaming and sports betting market.