CIRO News & Prediction Market Coverage
Track the latest CIRO news across prediction markets. Prediction News is following 3 active CIRO stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
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Frequently Asked Questions
Which firms can offer event contracts in Canada?
Only two CIRO-registered investment dealer members—Wealthsimple and Interactive Brokers—have been authorized to facilitate trading in permitted event contracts.
Does CIRO allow sports prediction markets?
No. CIRO has stated it does not consider it appropriate to approve dealer members for sports or entertainment event contracts, and the CSA views such contracts as outside securities and derivatives legislation.
What types of event contracts can CIRO members offer?
Limited contracts based on economic, environmental, or financial indicators that are traded and cleared through certain CFTC-regulated U.S. exchanges, with terms of at least 30 days; political or unlawful-activity contracts are prohibited.
What is CIRO's stance on prediction markets?
CIRO monitors developments, imposes terms and conditions on authorized dealers, and continues to review rules in coordination with the CSA; no prediction market has been recognized as an exchange or registered dealer by Canadian securities regulators.
How does CIRO regulate event contracts for its members?
Authorized trading is subject to CIRO requirements for options trading plus specific terms and conditions developed in consultation with CSA members.