Payments Under the Spotlight at Canadian Gaming Summit 2025
The 2025 Canadian Gaming Summit highlighted the critical role of secure, compliant payment systems amid evolving gambling regulations.
Recent changes in legislation make this year’s Canadian Gaming Summit one of the most important to date. The gambling sector is in sharp focus, and while revenue remains strong, there has been a need to tighten up in certain areas of the law.
Responsible wagering also remains a hot topic, and when industry representatives meet later in June, payments will come under heavy scrutiny.
Dedicated Day
The 2025 Canadian Gaming Summit took place at the Metro Toronto Convention Centre between June 17th and 19th. Payments and compliance received a dedicated track on the final day of the conference, underlining the importance of this issue within the sector.
The day gave delegates the opportunity to discuss key elements of payment facilities, including cryptocurrency, anti-money laundering measures, prediction markets, and the role of digital wallets. It was a thorough examination of an underrated, but essential aspect of the industry.
Essential Component
Founder and CEO of SBC News, Rasmus Sojmark, said that payments and compliance might not always grab the headlines, but they underpin everything in this industry, from a customer’s experience to regulatory viability. This track is about showing how innovation and integrity can go hand in hand.
Striking a Balance
Delegates at the Canadian Gaming Summit, along with the wider gambling industry, have to strike a delicate balance regarding payments. Customers will always want more choice, and the most flexible operators will look to include as many funding providers as possible.
The obvious benefits to such an approach include the potential for expanding a customer base, but there are some possible downsides to an expanded set of options. Within the cryptocurrency realm, providers can quickly disappear, and the risk of listing a rogue operator remains.
Including failed crypto options on any platform could lead to a lack of trust between the customer and the gaming brand. Operators must therefore be certain of the provider’s credentials before inclusion.
The conference also considered key factors surrounding payments, such as anti-money laundering. It’s a subject that was brought into sharp focus in 2024 when hackers broke into the system monitoring money laundering across all online casinos in Ontario.
As a result of the hack, the watchdog was unable to access the platform for the entire year. While the system was down, the market was clearly more vulnerable. The incident was discussed during the conference, amidst an overall look at security within the gaming industry.
The objective of the dedicated payment and compliance track is to improve the customer experience while managing compliance effectively. As Rasmus Sojmark said, it’s not an area that attracts much attention, but it is the cornerstone of the gaming industry. Without access to a safe and secure set of payments, customers will not be able to come on board and drive the sector on.
There was clearly much to discuss, and it was interesting to see the plans made by delegates for payments and compliance moving forward.