Are prediction markets legal in Canada?
Polymarket settled with the Ontario Securities Commission in April 2025 (two-year Ontario trading ban under the binary-options prohibition) and restricts Ontario trading; other provinces are a regulatory grey area. Kalshi restricts event-contract trading throughout Canada. Manifold (play money) remains accessible.
- Regulator
- Provincial securities regulators (OSC, AMF, BCSC)
Detailed overview
Canada regulates prediction markets at the provincial level. The Ontario Securities Commission (OSC) issued a cease-and-desist against Polymarket in 2024, prompting an IP block for Ontario residents.
Frequently asked questions
Is Polymarket legal in Canada?
Polymarket geo-blocks Ontario and operates in a regulatory gray area in other provinces. Provincial securities commissions have not formally approved it.
Can Canadians use Kalshi?
Yes — Kalshi accepts Canadian users who can fund a US-dollar account.
This page is editorial information, not legal advice. Regulations change frequently. Consult a qualified lawyer in your jurisdiction before trading.