Today, the AGCO launched the third stage of its engagement with igaming stakeholders in support of the agency’s ongoing development of a regulatory framework for Ontario’s competitive and regulated igaming market.
This is part of the series of regulatory engagement opportunities that the AGCO is committed to undertaking with stakeholders in advance of the establishment of Ontario’s new regulatory framework for igaming. Since the launch of the engagement portal on March 30th, the AGCO has provided industry stakeholders with two input opportunities regarding the draft Registrar’s Standards (Standards) and the eligibility model for igaming. The input period for these two engagements is now closed.
This new engagement outlines the AGCO’s approach to regulatory compliance for igaming that is both risk-based and outcomes-focused. Rooted in the Standards, the regulatory compliance approach provides igaming registrants with the operational flexibility to develop individualized control environments to meet regulatory outcomes, with a focus on regulatory monitoring and targeted interventions to assure compliance. Ultimately, this approach helps the AGCO ensure that those participating in Ontario’s igaming market meet their regulatory requirements demonstrate a commitment to act with honesty and integrity and in accordance with the law.
Feedback provided through these engagements will be used by the AGCO to inform the regulatory framework. Although this engagement focuses on the approach to regulatory compliance, certain information and general insights will be shared with the iGaming Subsidiary to inform its operations. The AGCO and iGaming Subsidiary’s stakeholder engagement will appropriately manage potential real or perceived conflicts of interest.
For more information on these engagement opportunities, please register for the AGCO’s igaming engagement portal. This portal will be updated with more opportunities for input as details about Ontario’s expanded igaming market emerge.
The AGCO has created a roadmap infographic to provide clarity to Ontarians and businesses on the province’s path to introducing a competitive igaming marketplace. Please note that the timeline of the key milestones identified on this roadmap is an estimate and subject to change.
Visit our igaming webpage for updates related to the future of igaming in Ontario and to make sure that you don’t miss the latest developments, please subscribe to receive periodic e-mail updates about the future of igaming in Ontario.