Latest Trends in DFS and Online Poker Regulations in Canada

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00:00And talk a little peer-to-peer gaming or daily fantasy.

00:06We know that's been under the gun here in the United States with some

00:09removals from different places.

00:10What's the latest going on in Canada?

00:13Yeah.

00:13So, you know, when first launched, we talked a lot about the gray market,

00:17which it was, there was no black market because it wasn't illegal, but

00:20there was no legal regulated market.

00:23And so DFS operators, including DraftKings and FanDuel just ran their

00:27normal pools.

00:28This isn't DFS 2.0, what have you.

00:31And so once they kind of put it together, the regulations and everything,

00:36there was this, there was a, you know, a stipulation that you had to be

00:39within Ontario's borders.

00:40So DFS operators shut down because they said, well, we're pulling you with

00:45other people.

00:45This is a violation, whatever.

00:48Now, the government has gone to the courts for a decision, you know, they

00:51applied.

00:52They said, hey, we want to be able to let our players play in pools, whether

00:56it's DFS or poker.

00:58In other markets.

00:59And, you know, those hearings were held last week.

01:02It will probably be a couple of weeks, couple months until we know any sort

01:07of outcome.

01:07But it's interesting that it's the government saying, hey, we want our

01:11players to do this, but we need explicit permission to allow them to do

01:15that.

01:16And so we'll see.

01:17And I think it'll be something to consider too when, you know, we know

01:22Alberta's putting together their rules.

01:24It'll be similar.

01:25So they want to play with players in, you know, here in Michigan or the

01:29US, whether it's DFS or poker or what have you.

01:33And yeah, it's just more of Ontario just kind of fine-tuning their

01:36regulations and laws.

01:38They've been doing a lot of that.

01:39Of course, there's that bill that would create a national framework for

01:43sports betting or an online casino ads.

01:46But that seems like it's now getting caught up in the Senate and will

01:49likely not pass, which doesn't really matter because we've heard from

01:54the gaming industry that they're already working on it internally in

01:57Canada to kind of put together a full nationwide thing.

02:01So, yeah, lots going on in Canada and hopefully Ontario residents will

02:06be able to play in DFS pools and online poker if they want to soon.

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