Canada Sports Betting: Futures Bets Potentially in Jeopardy Ahead of April 4 Launch in Ontario

Canada Sports Betting: Futures Bets Potentially in Jeopardy Ahead of April 4 Launch in Ontario article feature image

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Legal sportsbooks overseas taking action from Canadian bettors may be forced to void those customers' futures bets ahead of the province's April 4 launch.

Reading the tea leaves, this comes straight from iGaming Ontario's formal website:

With regard to pre-existing players, can Operators settle bets that are placed by players in Ontario prior to market launch after that Operator goes live in the new and authorized regulated market in Ontario?

The answer states: "An Operator must settle any bets by players located or otherwise placed in Ontario before that Operator can operate in the new authorized and regulated marked in Ontario.

"Operators may provide pre-existing players with access to their pre-existing account after going live in the new market for the purpose of account management, including withdrawal funds."

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Bet365 — which will be regulated in Ontario come April 4 — is classified as one of these gray-area shops, as are Betway, 888Sport, and Sports Interaction.

Players with futures wagers on, or after April 4, at one of these stops could see their wagers wiped altogether.

Other prominent books in the space such as DraftKings, FanDuel, BetMGM and others will also launch early April.

Futures bets have become a staple in sports betting.

Unlike traditional straight or parlay wagers, futures bets give players the opportunity to wager on events that will pay out later down the road: Win totals, titles and other markets.

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