Stake and Roobet Dominate Canada's Offshore iGaming as World Cup Looms

Stake and Roobet Dominate Canada's Offshore iGaming as World Cup Looms

N
News Editor 01
2026-07-08 15:56:14
Crypto-native operators Stake and Roobet lead Canada's online gambling market, capturing over 60% of competitive earnings. Offshore platforms dominate every province except Ontario, with Saskatchewan at 93%, as federal regulatory gaps persist.
Canadaoffshore iGamingStakeRoobetFIFA World Cup

Five weeks before Canada co-hosts the FIFA World Cup, crypto-native operators Stake and Roobet are dominating the country's online gambling market, according to the 2025 USA and Canada iGaming Landscape Report from market analytics firm Blask. The top five Canadian operators—predominantly offshore brands—capture more than 60% of the country's competitive earnings baseline (CEB).

Patchwork Provincial Regulation Fuels Offshore Dominance

Canada's estimated $9.5 billion in 2025 online gambling activity is overwhelmingly funneled through unlicensed offshore platforms. The provincial breakdown reveals stark disparities: Saskatchewan leads with 93% offshore market share, while Alberta and Manitoba both sit at 88%. These provinces operate monopoly models where government-run platforms compete against unlicensed international brands, lacking the product depth and interface flexibility of competitive markets.

David Henwood, Director at H2 Gambling Capital, explained in a 2024 study: “There is much conjecture that one of the main reasons customers use offshore betting sites is because they offer a broader range of product than available onshore. The study findings reinforce that point of view. Limiting the choice of onshore bet types—including live in-play—is basically counter-productive.”

Ontario Stands Out; Alberta's Market Launch Delayed Until After World Cup

Ontario serves as the counter-example, having reached 85% regulated channelization since launching its open competitive market in April 2022, though advertising rule controversies persist. Alberta is scheduled to transition to an Ontario-style competitive market on July 13—five weeks after the FIFA World Cup kicks off on June 11 in Mexico City, with Canada playing its first match June 12 against Bosnia and Herzegovina at BMO Field in Toronto. By tournament kickoff, Alberta's regulated market will not yet be operational, leaving its 88% offshore leakage intact through the group stage and into the quarter-finals.

Outside Ontario and the eventual Alberta launch, every other Canadian province operates under a lottery-corporation monopoly model with no near-term path to competitive licensing. PlayNow handles British Columbia and Manitoba, Mise-o-jeu operates in Quebec, and PlayNow Saskatchewan operates under SIGA authority via a partnership with BCLC. None have signaled an imminent transition, leaving offshore operators as the dominant access channel throughout the World Cup window.

Federal Vacuum and Blockchain-Backed Prediction Markets

Canada lacks a national gambling regulator and federal licensing framework. Bill S-211, the National Framework on Sports Betting Advertising Act, has passed the Senate but not the House of Commons, with no overarching solution expected by the summer World Cup. Meanwhile, streaming platform DAZN will integrate ADI Predictstreet—FIFA's first official prediction market partner and a blockchain-backed forecasting platform—into its World Cup 2026 live streams, potentially further boosting crypto-native engagement.

The structural gap leaves offshore operators like Stake and Roobet positioned to capture the spike in betting activity during the World Cup, leveraging product flexibility, fast payouts, and global accessibility. Analysts note that provincial barriers to regulation are unlikely to be resolved for years, cementing the crypto-native operators' lead for the foreseeable future.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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