Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Category Archives: Online Funding / Investing Portals
Race Across the World – Were Canada’s Tourist Board the Real Winners?
May 19, 2023
Image: Unsplash/Andrew Ly
Deep in a forest of Stanley Park in Vancouver, on the west coast of Canada, five British couples are lost. Straining under the weight of their heavy rucksacks, they have one goal – to reach the Lighthouse on Cape Spear, 16,000 km away on the other side of the country. Meet Race Across the World.
For eight weeks the show had viewers hooked, as the teams crisscrossed their way across Canada, from Vancouver to St John’s, from the Arctic to the Great Lakes. The couples had to navigate their way between a total of 7 checkpoints, on a budget that was equivalent to the cost of the airfare for the race route.
The contestants were stripped back to basics. No phones. No access to Wi-Fi. All the usual home comforts, whether that be a hot bath, watching their favorite TV series, playing games in some of the best online casinos, or even just having a nice bottle of wine, were not on the cards. Instead, 51 days were spent with their heads in the game, no access to the outside world bar the kindness of strangers they met along the way.
It is a gameshow, travel show and reality show all in one, and with the show now complete, and the winners crowned, perhaps it was the Canadian tourist board who really came first.
Viewers got to see Canada in all its glory. The indigenous culture and wildlife viewing of British Columbia, the polar bears and frozen Arctic seas of Manitoba, the prairies and farm-to-fork dining of Saskatchewan, the history and culinary delights of Winnipeg and the stunning seascapes of Nova Scotia, just to name a few – it’s clear that the BBC production team certainly did an excellent job of showcasing Canada at its finest.
And it wasn’t just the spectacular backdrops that did Canada proud, it was the local people that the contestants met along the way as they used buses, trains, cars, taxis, RVs to race each other to the checkpoints. The show was filled with heart-warming encounters that the teams had with generous Canadians, on hand to offer free lifts, free food, free bed and board and even free life advice. “This hostel is full? No problem, come and stay at my house!” “Need a ride somewhere 200km away? Sure, hop in!”
The Canada effect was an instant hit. After the first episode had aired, online searches for Vancouver rose 46%, according to sources, and overall searches for Canada rose 350% during the time the series was shown. Tour operators and travel agents have said they saw an uplift in bookings and enquiries each day after the show was aired, for the entire 8 weeks it was on. And, in some cases, tourist companies have been urging their team to watch the show as a training tool, allowing them to see some of the lesser-known experiences alongside the more iconic ones.
And while it wasn’t all sunshine and rainbows, with some viewers criticizing the show as having a ‘fixed’ finale, this doesn’t take anything away from the local scenery and people who really shone in their starring roles. The magic of Canada was certainly not lost on the millions of viewers who tuned in each week, making the show the perfect gift for the Canadian tourist board.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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The Ultimate Guide to Online Casinos: Exploring the Thrills and Opportunities
SuomiTimes.com | Awais Dar | May 15, 2023
Image: Freepik/Macrovector
In recent years, online casinos have catapulted into the spotlight, revolutionizing the world of gambling with their digital allure. This rise has opened a plethora of thrills and opportunities for gamblers worldwide, transcending the traditional boundaries of brick-and-mortar casinos. From the enticing array of games to the prospect of winning from the comfort of your home, online gambling has undeniably reshaped our perception of casino entertainment. This blog post aims to serve as your ultimate guide, exploring the exhilarating world of online casinos and the abundant opportunities it presents while maintaining a focus on responsible gambling.
The Evolution of Online Casinos
Online casinos have come a long way since their inception in the mid-1990s. Initially offering a limited selection of games, they have evolved into dynamic platforms that provide a diverse range of options to cater to every player's preferences. Technological advancements have played a significant role in this transformation, revolutionizing the industry. From improved graphics and user interfaces to the integration of mobile technology, online casinos now offer immersive and realistic gaming experiences accessible anytime, anywhere. Secure payment methods and random number generators ensure fairness and security, while the advent of live dealer games and the potential of virtual reality and augmented reality technologies promise even more engaging gameplay in the future. These advancements have truly reshaped the gambling landscape, providing players with unparalleled thrills and opportunities in the realm of online gambling.
The Thrills of Online Casinos
Online casinos offer a vast variety of games, ensuring that every player can find their preferred form of entertainment. From classic casino favorites like slots, poker, blackjack, and roulette to niche games and innovative variations, the options are virtually limitless. The sheer diversity caters to players of different skill levels and interests. Adding to the excitement is the emergence of live dealer games, where players can engage in real-time gameplay with professional dealers via live video streaming. This immersive experience brings the atmosphere of a traditional brick-and-mortar casino directly to the player's screen, enhancing the thrill of the game. Furthermore, online casinos provide ample opportunities for social interaction through features like live chat and multiplayer games. Players can connect with fellow gamblers from around the world, share experiences, and even compete against each other, creating a sense of community. Convenience and accessibility are also major advantages of online gambling. With just a few clicks, players can access their favorite games from the comfort of their homes or on-the-go through mobile devices. Online casinos operate 24/7, allowing players to indulge in their preferred games whenever they please, without the limitations of physical casinos' opening hours. This accessibility makes online gambling a convenient option for players with busy schedules or those living in areas with limited access to land-based casinos.
Opportunities in Online Casinos
Legal online casinos in Ontario present exciting opportunities for players to win money and enhance their gambling experience. One of the main attractions of online gambling is the potential for winning substantial sums of money. With various games offering different payout rates and jackpot opportunities, players can test their luck and strategy in pursuit of big wins. Additionally, legal online casinos in Ontario often host tournaments and competitions, creating a competitive environment where players can showcase their skills and compete against others for cash prizes, exclusive rewards, or even trips to luxurious destinations. Alongside the thrill of competitions, these casinos entice players with a wide range of bonuses and promotions. These can include welcome bonuses for new players, deposit bonuses, free spins, or loyalty rewards, all designed to enhance the player's bankroll and prolong their gaming sessions. Such bonuses provide an extra incentive to explore different games and increase the chances of winning. Moreover, legal online casinos in Ontario frequently offer VIP programs to reward loyal players. These programs typically include exclusive perks, personalized customer support, higher betting limits, and access to special events. VIP players can enjoy a host of privileges that add an extra layer of excitement and value to their online gambling experience. Ultimately, the combination of winning potential, online tournaments, bonuses, and VIP rewards makes legal online casinos in Ontario an attractive choice for players seeking both financial gains and an enhanced gaming adventure.
Choosing the Right Online Casino
When choosing an online casino, several factors should be taken into account. Firstly, consider the game variety. Look for a casino that offers a wide range of games to ensure there are options that suit your preferences. Secondly, evaluate the available payment options. A reputable online casino should provide secure and convenient methods for deposits and withdrawals, such as credit/debit cards, e-wallets, or bank transfers. Security is another crucial factor to consider. Ensure the casino is licensed and regulated by a reputable authority and utilizes encryption technology to protect your personal and financial information. Additionally, assess the quality of customer service. A reliable online casino should offer responsive and knowledgeable support, accessible through various channels like live chat, email, or phone, to address any inquiries or concerns promptly.
Before committing to an online casino, it is essential to conduct thorough research and read reviews. Online reviews from reputable sources and player testimonials provide insights into the experiences and reputation of different casinos. Pay attention to factors like fairness, promptness of payouts, quality of customer service, and overall user satisfaction. These reviews can help you make an informed decision and avoid potential issues or scams. Additionally, researching the casino's history, licenses, and any notable awards or certifications can provide further reassurance about its credibility and trustworthiness.
Identifying reputable online casinos can be simplified by following a few tips. Firstly, look for a valid gambling license from a recognized regulatory body. This license ensures that the casino operates within legal frameworks and adheres to industry standards. It is also advisable to choose casinos that are powered by reputable software providers, as they are more likely to offer fair and high-quality games. Additionally, consider the casino's reputation and longevity in the industry. Established casinos with positive track records are generally safer choices. Look for seals or logos from independent auditors, such as eCOGRA, which certify the fairness and randomness of the games. Lastly, check if the casino has responsible gambling practices in place, such as providing self-exclusion options and promoting responsible gaming guidelines.
Understanding the Rules and Strategies
Understanding the rules of each casino game is of paramount importance for any player. Knowing the rules allows you to fully comprehend the gameplay, making your gambling experience more enjoyable and potentially more profitable. Rules vary from game to game, and even slight differences can significantly affect your strategy and chances of winning. By familiarizing yourself with the rules, you can make informed decisions, devise effective strategies, and avoid costly mistakes. It also enables you to appreciate the nuances of the game, enhancing your overall understanding and appreciation of the gambling activity you're engaging in.
Developing basic strategies for popular casino games can significantly improve your odds of winning. While luck plays a role, employing sound strategies can optimize your decision-making process and minimize potential losses. For example, in blackjack, understanding when to hit, stand, or double down based on your hand and the dealer's up-card can improve your chances of beating the house. In poker, mastering the art of bluffing, reading opponents, and calculating odds can enhance your success. Roulette players can employ strategies like the Martingale or Fibonacci systems to manage their bets effectively. By researching and practicing basic strategies for the games you enjoy, you can enhance your skills, make more informed choices, and increase your potential for long-term success.
Casino games often involve a delicate balance between luck and strategy. While luck ultimately determines the outcome of each individual game, strategy plays a crucial role in maximizing your winning potential over the long term. Luck can be unpredictable and volatile, leading to both wins and losses. However, implementing effective strategies helps to manage your bets, make rational decisions, and optimize your gameplay. Strategy allows you to exploit favorable situations, minimize losses during unfavorable ones, and make calculated risks based on probabilities and odds. By understanding the interplay between luck and strategy, you can approach casino games with a balanced mindset, appreciating the excitement of uncertainty while utilizing strategies to make the most of favorable opportunities.
Responsible Gambling in Online Casinos
Setting a budget and sticking to it is essential for responsible gambling, as it allows you to control your spending and prevent financial strain. Recognizing signs of problem gambling, such as an uncontrollable urge to gamble or neglecting responsibilities, is crucial, and seeking help through helplines and support groups is important for addressing these issues. Online casinos provide tools like self-exclusion options and deposit limits to support responsible gambling. Additionally, practicing self-discipline, taking breaks, and making informed decisions based on game rules and odds contribute to responsible gambling. By integrating these practices, individuals can enjoy online gambling responsibly while minimizing the risks associated with excessive gambling.
Conclusion
In conclusion, online casinos provide a world of thrills and opportunities for players seeking exciting gambling experiences. The vast variety of games, the excitement of live dealer interactions, and the potential for winning money all contribute to the allure of online gambling. However, it is vital to enjoy online casinos responsibly. By setting budgets, recognizing the signs of problem gambling, and utilizing the tools and resources provided, players can ensure a safe and controlled gambling experience.
See: How Bitcoin Affects the Growth of the Canadian Online Casino Industry
We encourage readers to explore the world of online casinos while keeping responsible gambling practices in mind. Remember, online gambling should be a form of entertainment, approached with moderation and self-awareness. Embrace the thrills, but always prioritize responsible play for a fulfilling and enjoyable online casino journey.
Author Bio
Awais Dar
The founder of SuomiTimes.com
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Binance Withdraws from Canadian Market due to Tightened Crypto Regulations
Global News | Craig Lord | May 12, 2023 | Last Updated Oct 28, 2026
Image: youtube
Binance, the world's leading cryptocurrency exchange, has announced it is ceasing operations in Canada.
Oct 28, 2026 Update: Binance’s Canadian exit did not end its regulatory disputes. The company’s fight with the Ontario Securities Commission has since reached the Supreme Court of Canada. Read the full NCFA Story, Binance Left Canada but the Fight Reached Supreme Court, for the history of the case and what the ruling could mean for regulatory powers in Canada.
- The decision, communicated via Twitter, is in response to recent regulatory changes in the Canadian crypto market, including fresh guidance concerning stablecoins and investor limits. These regulatory changes, according to Binance, have rendered the market infeasible.
- The Canadian authorities have been reinforcing regulations for crypto asset trading platforms, implementing a pre-registration process and potential enforcement action for non-compliance.
- Binance, which had already faced restrictions in Ontario since 2022, found no viable way to continue its operations under these conditions.
See: Will Binance Severes U.S. Ties in Face of Crypto Crackdown
- Impact:
- Canadian customers are to receive detailed information on the impact on their accounts via email.
- Binance has expressed hopes of returning to the Canadian market in the future, when a broader range of digital assets becomes accessible.
- The exchange also expressed its intent to continue dialogue with Canadian regulators to develop a comprehensive regulatory framework, despite its disagreement with the current guidance.
- This move comes amidst increased regulatory scrutiny of the digital asset industry worldwide, notably following the collapse of Binance's competitor, FTX, in November and the subsequent crypto winter of 2022.
- Regulatory bodies are demanding stricter guidelines for crypto companies regarding their operations and management of customer funds. Binance and its CEO, Changpeng Zhao, also face a lawsuit by the U.S. Commodity Futures Trading Commission over allegations of running an "illegal" exchange and a "sham" compliance program.
Unfortunately, today we are announcing that Binance will be joining other prominent crypto businesses in proactively withdrawing from the Canadian marketplace.
We would like to thank those regulators who worked with us collaboratively to address the needs of Canadian users.…
— Binance (@binance) May 12, 2023
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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What to Look for in a Trustworthy Canadian Casino Site
May 5, 2023
Image: Pixabay/Geralt
There are hundreds of fully licensed Canadian online casinos to choose from today. In fact, there are so many choices that some players often find it hard to choose which online casino to sign up to.
When looking for a trustworthy Canadian online casino, here are some important things you should always be looking for.
How to choose a trustworthy Canadian online casino
The most important things you should be asking yourself before signing up to an online casino are the following questions:
- Who owns and operates the casino, and is it a reputable operator with a good reputation?
- Where is the online casino licensed? The best online casinos are licensed by top-tier licensing authorities
- What is the website security like? For example, does it have SSL encryption certificates?
- Does it look after new players and have a good loyalty program/low wagering requirements?
- Do you know if the games have been made by fully licensed and well-known online casino software providers?
- Is the player support up to scratch, and do they have good customer service?
- Do they accept secure payment methods?
- Does the casino work well on smartphones, tablets, desktop computers, and laptops?
What to remember when looking for a reputable online casino
Never register an account at an online casino that’s controlled by an operator with a terrible reputation, and never sign up to an unlicensed casino site. The top-tier licensing jurisdictions are where many of today’s best online casinos, such as the official William Hill online casino, are licensed.
These authorities are based in Malta (the Malta Gaming Authority), the UK (Gambling Commission), and Gibraltar (the Gibraltar Regulatory Authority).
Also, always look for the padlock item in the website’s address bar to ensure it’s a safe site protected by SSL encryption certificates and that the domain starts with https://.
To ensure the games are producing fair and realistic results, remember to look for trusted sites that have games from industry-award-winning online casino software providers and game development studios, such as:
- Playtech
- Evolution Gaming
- iSoftBet
- Pragmatic Play
- Play’n GO
- Blueprint Gaming
- Big Time Gaming
- Live 5
- Games Global
The games developed by these companies produce fair and realistic outcomes/results, and they are regularly tested by one or more globally renowned online casino testing agencies.
If you’re looking for live dealer games, many of today’s best titles are brought to you by Evolution Gaming, Pragmatic Play, and Playtech. In other words, stick to casino sites with live dealer games from these three companies.
What else should I be looking for in a trustworthy online casino?
You also want to make sure that the casino accepts only tried and tested online payment solutions. In their cashier section, they should accept a variety of proven online payment solutions, including bank credit and debit cards, digital wallets (aka web wallets), one or two prepaid voucher cards, and bank transfers.
Finally, make sure the casino provides responsive, cheerful, and professionally trained player support. They should be easy to get in touch with, and at today’s best online casino sites, you can often get in touch with a friendly player support agent via toll-free telephone, email, and live chat.
Final note
Fortunately, there aren’t too many rogue casinos out there, but they do exist, so you should always be careful and avoid them at all costs.
This is why you should always think before signing up to any old casino site you may have randomly stumbled across and only ever play at reputable sites controlled by some of the biggest names from the iGaming industry.
If something doesn’t seem quite right with the website, then perhaps it’s best to avoid signing up and checking out the reviews first. If all of the reviews you read seem positive, you should have nothing to worry about.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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B.C. Securities Commission Alleges ezBtc Involved in $13M Fraud
Today in B.C. | Canadian Press | May 2, 2023
The B.C. Securities Commission accuses David Smillie and his now-defunct company, ezBtc, of committing a multimillion-dollar securities fraud by diverting customer assets to online cryptocurrency gambling sites.
- The company allegedly diverted about $13 million worth of bitcoin and ether without customer authorization. Smillie and ezBtc were never registered under B.C.'s Securities Act, and the regulator claims agreements with customers amounted to futures contracts under its jurisdiction.
See: Coinbase and Kraken Reaffirm Plans to Stay Operational in Canada Amidst Changing Regulatory Landscape
- Although the matter is administrative, not criminal, Smillie and the firm may face monetary penalties or banishment from public markets if the commission proves its case.
- A police investigation in 2019 didn't find enough evidence for criminal charges, but the case could be reopened with new information.
- Victims like Sergei Goshko, who lost between $70,000 and $80,000, hope the commission's action will yield progress. A hearing date is set for June 27.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Franklin Templeton Launches On-Chain Money Fund, A Stablecoin Alternative, on Polygon Network with $1.4T AUM
The Defiant | Samuel Haig | Apr 28, 2023
Image: Unsplash/Andre Taissin
Franklin Templeton, the subsidiary of a global investment firm with $1.4T in assets under management, launched its on-chain money fund, a stablecoin alternative, on the Polygon network on Wednesday.
- Franklin Templeton has launched the Franklin OnChain U.S. Government Money Fund (FOBXX), a U.S.-registered mutual fund that uses the Stellar blockchain for transactions and share ownership recording. The fund aims to provide dividends while maintaining a stable $1 share price by investing primarily in government securities, cash, or repurchase agreements. Roger Bayston, the company's head of digital assets, emphasized that this marks their first integration into the Ethereum ecosystem, as the fund's compatibility with the digital ecosystem is extended through the Ethereum-based Polygon network.
- The news is the latest sign of increasing institutional interest in Ethereum and its ecosystem following its transition to Proof of Stake consensus last year. Last month’s Shapella upgrades, which activated Staked Ether withdrawals for the first time, have further stoked institutional appetite for Ethereum.
- Tom Wan, a researcher at crypto ETP provider, 21Shares, tweeted that there were $1B worth of staked Ether inflows over the previous week. “Flow is mainly driven by institutional staking providers,” he said.
See:
BoE Speech: 4 Areas at the Intersection of Payment Innovation, Tokenization, and Money
Fund Tokenization: Fractional Issuance, Streamlined Redemption, and Servicing Benefits
Colin Butler, head of institutional capital at Polygon Lab:
It’s amazing to have a legacy institution like Franklin Templeton bringing transparency, interoperability, and secure, democratized access to their financial instruments. When we take a step back and look at these things less as blockchain products and more as benefits created by utilizing blockchain rails, we start to see the ‘why.
Continue to the full article --> here
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Exploring the Potential Profits and Risks of Investing in iGaming Stocks in Canada
April 20, 2023
iGaming Stock Investment in Canada
The iGaming industry in Canada has seen a surge in stock investment as more investors recognize its growth potential. Playing online casino games is not the only way to engage financially with this market. An alternative, slower burn, and more stable approach are to invest in iGaming stocks in Canada because, with the growing trend of online gaming, the iGaming industry in Canada is expected to continue its growth trajectory, making it an attractive prospect for investors looking for high returns.
Unlocking Investment Opportunities: Exploring the World of iGaming Stocks
Stock investment is similar to casino games in that many make profits and others lose, although the time scale is longer. Whether a beginner to stock trading or an old hand, one sector worthy of consideration when it comes to investment is iGaming. For those unaware, iGaming involves gambling firms such as online casino operators.
It's important to consider the general picture of a sector and the specifics of an individual company when weighing up whether to invest or not (and how much to invest). The good news for iGaming investments is that the trend has been growing for some time, and the ceiling has not been hit yet. Indeed, within Canada, the domestic iGaming market will likely grow significantly in the next few years for reasons explored in more detail below. But it is critical not to be complacent and avoid the potential risks that attend any investment decision. Unlike placing wagers, investments that are beyond an investor's capacity to withstand if the stock's nosedive should not be made.
Identify Top Canadian Casinos and iGaming Stocks for Investment
Top iGaming stocks belong to firms that operate worldwide, including the USA, UK, Italy, and Canada. The sector has grown strongly for a long time and has a high degree of competition. This is a great thing for players as the battle for custom has pushed online casino operators to offer more generous introductory promotions and recurring bonuses. There's also been a race to create the most engaging and innovative games among software studios, which means more excellent slots and table games for players. The downside of this ever-improving picture is that the sheer number of online casinos makes searching for the best very time-consuming. When it comes to investing in iGaming stocks, it's important to recognize a reliable Canadian operator. One way to start this process is by looking at the best legal Canadian online casinos. By doing so, you can gain insight into the industry and identify which operators have a track record of providing safe and fair gaming experiences for players. This information can be crucial when deciding where to invest your money
Risks and Rewards of iGaming Stock Investment
The Canadian legal online casino sector is, as mentioned above, extremely competitive. This can mean substantial income from selling stocks that have risen in value or cash dividends paid to exist stockholders. Some firms offer stock dividends instead, which means being given more stocks rather than actual cash. Because the iGaming sector is in rude health, the overall forecast is for growth, but there is no guarantee that this will apply to every firm in the sector. Indeed, the main risk is that the competitive nature of the industry means that while there will be many winners, there will also be losers, which could see a stock plummet until it hits rock bottom.
One problem traders may face is knowing when to buy and sell. Buying a falling stock has sometimes been called trying to catch a falling knife (if you get it by the handle, you're fine, but if not, there will be a pain). A strategy for dealing with this, as most people cannot watch the market every second of the day, is to employ a trading bot with preset parameters to buy or sell to either lock in a minimum profit or to grab what is thought to be a bargain.
Another problem to be wary of is panicking at a small decline and selling prematurely or becoming complacent about a continually rising stock and refusing to sell and lock in profits at the right time. Unfortunately, because much of this is down to a judgment call (and random events can alter prices dramatically), only with hindsight can decisions be seen clearly. The best thing is to maintain a level head and not get either carried away or discouraged.
iGaming Stocks within Canada
A large range of iGaming stocks is available for Canadians to invest in. Among them is Contagious Gaming Inc. (CNS), headquartered in Ontario. The firm provides software-based gaming solutions intending to engage players and encourage a pattern of repeated interaction. Players can expect fair and transparent gaming experiences, providing multiple secure and convenient payment options and making it easy to deposit and withdraw funds promptly and efficiently. An alternative iGaming firm is Kuuhubb Inc. (KUU) which creates products aimed at the under-served female market, developing games and apps in this area.
Jackpot Digital Inc. (JJ) has headquarters in Vancouver and is an electronic table games manufacturer for brick-and-mortar and cruise ship casinos. One of its most significant products has been the 84" 4K touchscreen Jackpot Blitz experience, which enables players to access games such as blackjack, poker, and baccarat.
Why Now May Be the Time to Invest
Investment is not risk-free but can yield substantial rewards if luck or judgement is on the investors' side. Generally speaking, the iGaming market has been on the rise for years, so the question of when to invest may arise. Right now could be an eminently good moment for Canadians thinking of backing iGaming stocks to do so, and the reason for that is the recent progress made in legislation in this area.
The United States started the ball rolling by allowing the opening of domestic online casinos on a state-by-state basis. This success prompted the Canadian political class to realize not only could they keep wagering revenue onshore by doing likewise (also on a province-by-province basis) but that such a move would also undercut the widespread black gambling market. The first province to take advantage of legislative moves to permit such an online gambling marketplace was Ontario in early 2022, with the creation of iGaming Ontario.
Ontario is the most populous province, having the most reliable legal online casinos in Canada, and other provinces are likely to follow in its footsteps regarding domestic online gambling. There is hope and expectation of rapid growth within Canada regarding iGaming opportunities. Naturally, this positively impacts the prospects of iGaming stock performance within the country. While not a guarantee, this does bode well for short to medium-term.
See: Citi Report: Blockchain’s Next Billion Users: Money, Tokens, Games
There's plenty of scope for investment in iGaming firms in Canada, whether taking a hands-off trading bot approach or handling everything oneself. Just remember to consider both when to buy and when to sell carefully.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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