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One commenter requested an explanation for the 30-day term to maturity in the prohibition. The minimum 30-day term to maturity exclusion in no way affects a trader's ability to trade in, or close out a position in, a contract that is not a binary option. Many of these products and the platforms offering them have been identified as vehicles to commit fraud.
Some persons have used misleading information to promote these products as legal and legally offered, despite not being authorized to offer these products to individuals in Canada.