Bill C-34, the Safe Social Media Act, was introduced in the House of Commons on June 10, 2026, proposing a regulatory framework for online safety that includes age-appropriate protections and a potential 16-year minimum age requirement for designated social media services. The legislation would create a Digital Safety Commission of Canada to enforce duties on regulated platforms, such as reducing exposure to harmful content and implementing age-verification or estimation measures, but the under-16 account restrictions apply only to services later designated by regulation rather than automatically across platforms. Companies could seek exemptions by demonstrating sufficient child safeguards, and full implementation would require additional regulations, commission setup, and enforcement timelines that officials have indicated could extend well beyond royal assent. As of mid-October 2026, the bill remains in the parliamentary process with ongoing debate, stakeholder input, and opposition from groups citing privacy, free expression, and regulatory scope concerns. These factors, combined with standard legislative timelines for committee review, Senate consideration, and potential amendments, make enactment of a binding under-16 restriction before year-end highly improbable according to trader consensus. No major procedural breakthroughs or accelerated timelines have been reported in recent weeks.
On June 10, 2026, the Government of Canada introduced Bill C-34, the Safe Social Media Act, which would bar Canadians under the age of 16 from holding social media accounts. This market will resolve to "Yes" if Bill C-34, or any other federal bill that prohibits people under the age of 16 from holding accounts on social media platforms, receives Royal Assent by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No". Royal Assent is required. Passage by the House of Commons or the Senate alone, committee approval, or a government announcement will not count. A bill counts if its general rule bars people under 16 from holding accounts, even if it allows exemptions, for example for platforms that meet safety standards set by a regulator or for accounts opened with parental consent. A bill whose general rule applies only to people under age 15 does not count. Whether the law has come into force by the deadline will have no bearing on the resolution of this market. Provincial legislation will not count. The primary resolution source for this market will be the Parliament of Canada's LEGISinfo record for Bill C-34, however a consensus of credible reporting may also be used.