Crypto-native operators Stake and Roobet are leading Canada’s online gambling market just five weeks before the country co-hosts the FIFA World Cup, according to the 2025 USA and Canada iGaming Landscape Report from market analytics firm Blask. The top five platforms together now capture more than 60% of all wagering activity across Canadian provinces. Offshore, unregulated sites continue to dominate everywhere except Ontario, which runs its own licensing regime.
The top two and the rest
Stake and Roobet, both built on cryptocurrency payments and largely unlicensed outside Ontario, rank as the two biggest operators by market share. The report doesn't break out exact percentages for individual platforms, but it notes that the five leading sites together command a combined share north of 60%. That leaves dozens of smaller operators scrambling for the remaining slice — and suggests the market is already heavily concentrated.
Why Ontario is different
Ontario stands alone as the only province with a fully regulated iGaming market, launched in 2022. Licensed operators there include the likes of Bet365, DraftKings, and local players, but Stake and Roobet do not hold Ontario licenses. Instead, they serve the rest of Canada from offshore hubs. The Blask report underscores how little headway regulated operators have made outside Ontario — a dynamic that has frustrated provincial lottery corporations and federal policymakers alike.
The World Cup factor
With Canada co-hosting the FIFA World Cup in June and July, industry observers expect a surge in sports betting activity. The timing of Blask’s report — published in early May 2026 — means the market snapshot captures conditions right before that influx. Stake and Roobet are well positioned to absorb much of the new betting volume, given their existing dominance and crypto-friendly deposit methods that appeal to a younger, mobile-first audience.
The report didn't project what the World Cup will do to market share, but the concentration among the top five suggests that new entrants will find it hard to break in. For now, the offshore operators that made their names in crypto are running the table — and Ontario remains the only place where the rules are different.
