Introduction – Canada has always raised questions in the interest of the public in order to ensure their trust and best practices even though IGaming has been very successful in British Columbia and Quebec in terms of operation and implementing regulatory acts. This article serves as a primer on the current status of iGaming in Canada along with the basics of internet vs intranet gaming, the governing regulation standards and controls over the concerns of money laundering, underage gamblers, and illegal locations.
The data – It is important to get in-depth knowledge about the acceptance of Canadians for gaming in general with most surveys stating that 70% of Canadians are active participants in one or the other form of gaming. Not only for the purpose of making money but also for fun and leisure, Canadians choose to gamble. It is difficult to get proper data about the percentage of Canadians who participate in online casino and poker betting. This is because they are legalized in British Columbia and Quebec. Without such proper statistics, it is unsafe to presume that Canadians place wagers through an interactive medium like the citizens of US and other countries do where iGaming is illegal. This will lead to an imbalance in the society in terms of unwanted news being related in wrong directions. These become controversies.
Such improper data without Technical Sytems Testing’s role is an obstruction for iGaming. But still, it is important to test and certify iGaming and help jurisdictions in developing and implementation of standards which assure fair, secure and transparency of iGaming. This is what Canada wants and questions at times.
iGaming Channels – The internet, interactive television and mobile devices (wireless) are the three basic delivery channels for current iGaming medium. It is very important for a player to get in-depth knowledge and differentiation between internet and intranet gaming.
- Intranet gaming – It exists in British Columbia(B.C) and Quebec and are intra-provincial where players can participate in any form of iGaming conducted by the corporation as long as they are residents of B.C. It is the same for the citizens of Quebec.
- Internet gaming – The games are accessed online by players across the provinces and countries. The internet gaming has to be legalized in their country of residence. In Canada, it is legalized in order to encourage participants from B.C. and Quebec.
Just like any other traditional land games, there are various portals for iGaming along with betting exchanges, bingo, skill-based casino games, lottery, card games, live dealer platforms along with poker rooms. With such options, intranet trend is moving towards a corner of negligence.
Safe iGaming – With understanding about the iGaming channels and standards the next question of concern is the security of playing online. The controls for best practices in order to protect the trust of public and for continued gaming interests. Like in any game played at physical casinos, iGaming also has money laundering risks through dealers and owners of the portal. Almost every jurisdiction in the world has strict regulations for such money laundering in physical casinos and gaming points or poker rooms. Money laundering is a punishable offense and attracts a penal fee too. The risks of iGaming are hacking player accounts, deposit unwanted funds, layoff setting bets, and most importantly redeem the clean funds which are used for other funded activities that are considered illegal. For safe iGaming a lot of operators outsource software and systems handling. Hence technicality is not their responsibility and safety is best assured through the outsourced agency. Underage, gambling is also monitored by the software itself as a process of documentation and paperwork. A government issued ID is also verified for this as well as safeguarding iGaming borders. Players at authorized locations are only allowed to access the online gaming sites.
With such strict regulations and legalization of iGaming in Canada, there still are people who launder money even though they are knowledgeable about the punishable offense. Not just money but even for those who play for fun, it is important to avoid hackers and safeguard the fun they insist on in a game.