It’s obvious that online gambling is an industry that drew the attention of the governments from all around the world. While there are countries that treat this pastime activity seriously by assuring a secure environment for their citizens, the situation did not change that much in the last few years in Canada. The uncertainty whether it is legal or not to bet online remains an issue. For this reason, this subject needs closer attention in order to be able to decide what is best for the future of Canadian wagering.
The Possible Change
Though the Canadian government made some modest steps towards regulating online betting, there are no clear laws that state whether it is permitted or not to enjoy poker, slots or roulette in the virtual environment. The Bill C-290 could be a solution to this issue, but first it needs to be treated seriously and not sidelined. The changes proposed are the following:
- to oblige online casinos to keep records of their actions
- to include an identification verification system
- to introduce suspicion transaction reporting
This regulatory system is similar to the case of brick and mortar casinos. It will keep the citizens safe from fraudulent providers and ensure a controlled environment. It will be interesting to follow if and how these changes are going to be applied. Until then, the Canadian gambling world remains in chaos and misconceptions for gamblers who want to play but are afraid of the possible consequences.
Gambling vs. Business
The uncertain laws do not affect only the gamblers, but also the business sector. Though it is stated that it is illegal to operate an online casino in Canada, there are gambling servers located near Montreal. Such virtual platforms represent a great opportunity for citizens to bet with Canadian dollars and avoid losing money by performing different transactions.
The blurry legal situation made gambling providers lose their patience. Such is the case of the well known Titan Casino. Its affiliates found themselves forced to leave the Canadian market behind and opt for better prospects. Though they announced that they would stop providing betting services starting from December 2013, the promise of a more secure wagering future made them change their mind. However, in this uncertain environment, there can be other such cases with negative impact for the gamblers.
A similar situation is the case of the widely used payment method, Skrill. Its owners announced that the sketchy laws did not represent a good environment for them to continue providing gambling transactions. As a result, they opted for a more secure market like the New Jersey online casinos, that are clearly regulated. It would be a good idea for the government to follow their example and ensure a safer business option for those who are interested:
- operating license
- regulated payment process
Until all these issues are clarified, it’s good to know that there are no laws that prohibit Canadian citizens to gamble. However, it depends exclusively on each person to choose a trustworthy provider in order to keep his/her funds safe.