Tobique First Nation Creates Regulator for Prediction Markets

Tobique First Nation in the Canadian province of New Brunswick has passed a law specifically regulating prediction markets. Under the law, the Tobique Prediction Market Authority (TPMA) was established to oversee the sector. This body will supervise companies licensed under the Prediction Markets Act.

The TPMA will operate as a separate structure from the Tobique Gaming Commission (TGC), the community's existing gaming regulator. The TGC was established under the 2023 Tobique Gaming Act and exercises authority independently of Canada's provincial and federal gambling frameworks.

The community has appointed CL Specialist Projects Limited as its lead adviser on global market developments and business opportunities. Cliff Lewin, director of the company, will serve as the primary advisory contact. The community had a population of fewer than 3,000 according to the 2025 census.

Meanwhile, the Province of New Brunswick is examining possible regulatory models for private online gambling operators. This step could end the exclusive position of Atlantic Lottery Corporation in the province's legal online gaming market. Government spokesperson David Kelly said officials are reviewing developments in other provinces and jurisdictions. Ontario and now Alberta have opened their markets to licensed private companies.