Ontario Sportsbooks May Cancel Futures Bets Ahead of April 4 Legal Launch
Futures bets placed with existing Canadian sportsbooks may be cancelled as these operators prepare to relaunch as regulated Ontario sports betting apps on April 4, 2022.
Grey area Ontario sportsbooks including Bet365, Betway, Sports Interaction, and 888sport could void active futures bets during their transition to becoming legal operators. This includes bets placed for events occurring after the April 4 relaunch date, such as next year's Super Bowl or Super Bowl MVP selections.
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TSN's Aaron Korolnek highlighted this development on Twitter, advising bettors to prepare for potential futures bet cancellations as sportsbooks transition to the regulated market.
Key Points for Bettors:
- Affected sportsbooks: Bet365, Betway, Sports Interaction, 888sport
- Impact: Futures bets placed for events after April 4 may be voided
- Reason: Transition from grey market to regulated Ontario market
The April 4 launch will introduce both newly regulated versions of existing operators and completely new private sports betting apps to Ontario's legal betting market. This marks a significant shift in Canada's sports betting landscape as operators move from the grey market into a fully regulated environment.
Bettors with active futures bets should monitor communications from their sportsbooks regarding potential cancellations and next steps as the transition date approaches.