How Do Wars Affect the iGaming Industry?

Publication date: 26 January 2026

Wars and political conflicts don’t kill iGaming, but they drastically reshape it: land-based gambling declines, while online segments and emotion-driven betting surge. Operators face sanctions, increased scrutiny, and reputational risks. For affiliates, this means both new traffic spikes and stricter compliance requirements for GEO targeting, payments, and advertising messages.

On 3S.INFO, we will cover a comprehensive range of topics: from local demand decline and payment system disruptions to intensified sanctions, enhanced compliance measures, and the flow of funds into gray areas.

iGaming in Times of War and Political Conflicts: What is Happening to the Market?

Wars have a complex and often negative impact on the iGaming industry (online gambling and betting). The effects can be both direct and indirect.

Impact of Military Conflicts on Player Demand and Local Markets

In countries experiencing armed conflict (parts of the Middle East and Latin America), purchasing power decreases as people spend less, companies close their offices, and infrastructure is destroyed.
However, the demand for ‘cheap’ entertainment and attempts to recoup losses through gambling remains high. In many regions, interest in betting does not decrease even during crises.
Some players leave entirely, others move to offshore/gray markets where there is less control and often higher risks for users.
During wartime and in frontline zones, online casinos and betting become a way to escape stress, leading to an increase in problem gambling (for example, among military personnel).

Fact: According to an analysis by the Blask platform, despite the political incident on January 3, 2026 (the detention of Venezuelan President Nicolás Maduro by U.S. forces), Venezuela’s online gaming sector remained stable. The dynamics of the Blask Index between December 30 and January 6 showed only short-term fluctuations: a drop of 5% on January 3 to 257.4 thousand, recovery on January 4, followed by another dip on January 5 to 229.3 thousand (-23.71%), after which growth resumed on January 6. These changes were consistent with typical daily volatility, showing no signs of significant market reaction.

The context includes data from 2025: Venezuela ranked second globally in terms of growth rates, with its Blask Index increasing by +134.9% year-on-year. There were 129 active brands in the market, with the leader, operator Triunfo Bet, holding a 59% share in the BAP metric (up 15 percentage points since January). The combined share of the top three brands exceeded 85%, growing by 11 percentage points.

iGaming During War: Online vs Offline

Offline casinos and tourist attractions are closing or being put on hold, especially in countries where the land-based sector was focused on tourists.
There is an accelerated shift to online platforms: players are moving to remote products, and licensed .com and .country segments are adapting to new conditions.

Sanctions and Restrictions for Gambling and Betting Operators

Sanctions against states, banks, and individuals complicate work for operators: they must establish complex filters for countries, individuals, and payment chains to avoid working with sanctioned jurisdictions.
The burden on AML/sanction compliance increases: more checks, greater expenses for KYC, transaction monitoring, and communication with data providers.

Payments and Financial Infrastructure of iGaming During War

War often leads to banks being disconnected from SWIFT, card blocking and collapse of local payment methods. This immediately cuts deposit/withdrawal channels and makes the market less attractive for licensed operators.
Offshore and crypto sites try to fill the niche, but for the legal iGaming sector, this means increased risks and difficulty entering or continuing operations in a conflict zone.
Infrastructure issues: damage to internet and energy infrastructure disrupts both operator work and player access.

How Geopolitics Influences Sports Betting?

Exclusion of countries from major tournaments (such as clubs and national teams being banned from competitions at various levels) reduces interest in betting on these teams and affects part of the GGR across entire markets.

At the same time, “war bets” emerge, where users speculate on ceasefire timelines, conflict outcomes, and events on the front line, raising serious ethical and regulatory concerns.

Risks and Adaptation of iGaming Business During Conflicts

Operators with offices/development in combat zones face direct losses, team relocations, missed releases, and rising costs.
Companies rapidly diversify geographically (new markets, distributed teams), strengthen sanctions and AML compliance, and switch to more resilient payment systems.

Risks and Opportunities for Affiliates

Opportunities: surges in online activity, interest in live betting, audience growth due to staying home/in rear areas, increased importance of mobile traffic.
Risks: blocks under sanctions, restrictions on payouts, reputational damage for working with “undesirable” jurisdictions and audiences (military, refugees, etc.).

Ultimately, wars do not “reset” global iGaming, but significantly redistribute flows. Some markets temporarily decline, others grow due to migration of operators and players, while regulators and payment systems scrutinize sanctions and money origins even more closely.

How Does Player Behavior Change During Armed Conflict?

During wars, players’ behavior in gambling changes unevenly: some people almost completely withdraw from the market, while others experience increased engagement and risk-taking. This is linked to stress, financial pressure, availability of online games, and characteristics of the military environment.

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Growth of "Escape Games" and Stress-Based Betting
- Increased stress, anxiety, and feelings of uncertainty lead to greater use of gambling as a way to “escape,” distract oneself from news and worries.
- Studies on crises (such as pandemics) show that the higher subjective stress and financial pressure are, the more likely a person is to start playing more frequently or spending larger amounts, hoping to recover losses, which often leads to a debt spiral.
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Soldiers, Frontlines, a Special Risk Group
- Active-duty soldiers, exposed to traumatic experiences, high risks, and increased pay, find gambling particularly dangerous. Some perceive betting as a “low-risk” activity compared to life on the front lines and begin to play more actively.
- Cases have been documented where front-line soldiers lose all their earnings, pawn property, or even sell military equipment, posing threats to combat readiness and national security.
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Shift to Online and Quick Formats
- With the destruction of offline infrastructure (casinos, halls, betting outlets), players migrate to online casinos, mobile slots, and “quick” formats (instant games, crash games).
- Players in warring countries place higher demands on speed: fast login, instant deposits and payouts, short game sessions, accessibility via smartphone.
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Polarization of Behavior: Some Players Leave, Others Radicalize
- Many people in conflict zones sharply reduce their spending on gambling: priorities shift towards basic needs, relocation, family support.
- For another segment, especially those already prone to taking risks, their behavior becomes more extreme: higher stakes, frequent sessions, using credit and cryptocurrencies to circumvent restrictions.
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Change in Society’s and State’s Attitude
- Against the backdrop of war, discourse shifts: sensitivity to addiction grows, public petitions arise demanding authorities restrict or block access to online casinos for certain groups (military, youth).
- Regulators impose stricter deposit limits, introduce targeted bans for military personnel, tighten KYC procedures, and monitor anomalous activities to minimize destructive cases.
Read more

In conclusion, war makes players’ behavior more uneven: overall purchasing power may decline, but risky and problematic gambling among vulnerable groups (military personnel, people with high stress and debts) often increases, necessitating much stricter controls, restricted access, and targeted assistance.

What Payment Methods Do Players Prefer During Crises?

During crises (wars, economic shocks, sanctions), players generally gravitate toward payment methods that offer maximum control, speed and a sense of security.

General Shifts in Behavior

Less reliance on long and expensive methods. Players tend to avoid options with unpredictable fees, slow withdrawal times, or potential account lockouts (interbank transfers through troubled banks, exotic payment solutions).
Stronger demand for anonymity and confidentiality. Interest grows in schemes where minimal personal information reaches banks and governments, especially if gambling is officially restricted or stigmatized.
Focus on flexibility. People prefer tools that can easily be switched between different websites, jurisdictions and currencies.

Preferred Payment Methods

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Digital Wallets and Fintech Gateways

E-wallets (Skrill, Neteller, PayPal, local equivalents) become particularly appealing because they act as intermediaries between banks and casinos, allowing faster fund withdrawals and easier switching between operators than traditional banking.

Additionally, convenient mobile apps and push notifications are crucial amidst general uncertainty.

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Instant Bank Payments

In countries with advanced online banking, direct instant payments through payment gateways are popular: the player stays within their bank’s ecosystem, yet the money moves nearly instantly. This represents a compromise between reliability (bank) and speed/convenience (game account gets funded instantly).

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Prepaid Solutions and Vouchers

Prepaid cards/vouchers (like Paysafecard and local equivalents) are sought after because they allow strict budgeting (psychologically comforting during crises), do not require exposing primary bank accounts, and make expense tracking easy. What you load is the maximum amount you can lose.

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Cash + Offline Points

In countries where digital infrastructure fails or banks fall under sanctions, players resort to the combination of “cash → payment point → online account.” This route is important for those without reliable access to banks or who wish to keep their online transactions hidden.

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Cryptocurrency

Crypto becomes a fallback option when bank cards and SWIFT are nonfunctional or frequently blocked, or there’s fear of account seizures and currency controls. However, risks also rise: price volatility, scams, unregulated offshore sites offering little protection. In strictly regulated jurisdictions, licensed operators often refuse cryptocurrency usage, pushing it into the gray area.

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What Does This Mean for Operators and Affiliates?

Maintain a Mix of Payment Methods: At least one reliable banking solution, 1-2 popular e-wallets, prepayment/vouchers, and (where legally allowed) crypto channels.

Communicate clearly about:

Realistic withdrawal speeds (actual timeframes rather than theoretical “within 24 hours”);
Transparent fees;
Stability of payment methods in the current geopolitical situation.

During crisis periods, players highly value:

Ability to quickly retrieve funds back;
No unexpected account freezes or requests for additional documentation;
Easy switching of payment method within the account.

To sum up in one sentence: During crises, players opt for payment methods that feel fastest, most controllable, and secure, even if the commission is slightly higher.

Which Types of Gambling and Betting Offers and Creatives Are Dangerous During Wartime?

During wartime, any iGaming offers and creatives that exploit people’s trauma, fears and financial vulnerabilities are dangerous.

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Offers Exploiting War Themes
Dangerous practices include:
- Using military symbols, names of operations, cities/frontlines in titles of promotions, tournaments, bonuses.
- Memes and jokes related to the frontline, mobilization, shellings, fighting spirit associated with casinos/betting.
- Any formulations like “bets instead of the frontline,” “war goes on, but earning is necessary.”
Risk: reputational damage, ad blocking, complaints to regulators/platforms, real legal consequences in some countries.
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Pressure on Military Personnel and Vulnerable Groups
Dangerous actions include:
- Targeting audiences interested in “army,” “military,” “veterans,” “servicemen” combined with aggressive offers.
- Creatives directly or indirectly addressing people in uniform (“relax after your shift,” “what else to do at the checkpoint besides playing?”).
- Offers with explicit appeals to PTSD, insomnia, trauma.
Risk: regulatory measures, pressure from military structures, strong negative media coverage.
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Promises of Escaping Poverty and Debt Repayment
Dangerous tactics include:
- Promising to “recover debts,” “compensate for war-related losses,” “replace lost income,” “save businesses through betting/casino.”
- Creative materials emphasizing rising prices, job loss and presenting iGaming as a “solution.”
Risk: exacerbating problem gambling, regulator/financial oversight claims, traumatizing the target audience.
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Aggressive Bonuses and "Risk-Free" Promises
Dangerous strategies include:
- Formulations such as “risk-free,” “guaranteed income,” “impossible to lose,” especially during wartime stress.
- Strict bonus funnels with high wagering requirements and complicated terms when people read fine print poorly and make impulsive decisions.
Risk: increased complaints, chargebacks, regulatory investigations, mass blocking of payment processors and advertising accounts.
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Provocative Visuals and Triggering Scenes
Dangerous elements include:
- Any images reminiscent of news reports: explosions, sirens, ruins, military vehicles, refugees, hospitals.
- Sharp contrast between suffering/destruction and easy money/gambling.
Risk: triggering trauma, complaints, content banning on platforms (particularly Meta*, TikTok, YouTube).

*The Meta corporation has been recognized as extremist in Russia.
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Gray Zone and Crypto Chaos in Sanction Areas
Dangerous approaches include:
- Creatives promoting themes like “bypass bank blocks,” “play anonymously, state won’t see,” “crypto casino without regulation.”
- Direct instructions on how to bypass local prohibitions, VPN guides, schemes to evade currency control.
Risk: payment system sanctions, domain/account blocking, criminal consequences for operators and affiliates in some countries.
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Safe Line During Wartime: Desensitized, Calm, Adult Tone

Neutral themes (sports, entertainment, responsible approach);
Honest conditions without “magical” promises;
Avoidance of references to war, poverty, personal tragedy;
Emphasis on limits, self-control and ability to take breaks.

In the short term, war almost always results in contraction of the iGaming market in conflict zones, increased regulation and operational challenges. Over the longer term, the industry adapts by finding new jurisdictions, payment solutions, and shifting focus to different demographics. However, wars create fundamental instability harmful to legitimate, regulated iGaming businesses, potentially strengthening the role of unregulated black markets.

FAQ

How wars impact the iGaming industry overall?

Wars and political conflicts do not destroy the industry, but they radically transform it. Land-based casinos and offline betting decline, while the online segment and emotional betting grow, along with strengthened sanctions and regulatory constraints. For operators and affiliates, this simultaneously brings new traffic spikes and significantly tougher requirements regarding GEO, payments and advertising.

What happens to demand and player behavior?

In conflict zones, overall purchasing power drops, and some people completely stop participating in gambling. However, the demand for “affordable escape” and attempts to recover losses through gambling persists and sometimes intensifies. Military personnel and residents of frontline territories frequently turn to online casinos and quick games as a way to relieve stress, resulting in an increase in problem gambling and riskier behaviors (high-stakes betting, borrowing, using cryptocurrencies).

How do wars transform iGaming infrastructure and payments?

Land-based casinos and tourism-oriented gambling infrastructures shut down or go dormant, accelerating the transition to online products. Simultaneously, wars and sanctions result in banks being cut off from SWIFT, card blocking, and failures of local payment methods, reducing deposit/withdrawal channels for licensed operators and driving part of the turnover into offshore and crypto segments.

How does geopolitics affect sports betting and offers?

Excluding countries and clubs from international tournaments diminishes interest in betting on these teams and lowers GGR across whole markets. Concurrently, “war betting” emerges, with prediction markets based on peace agreements and conflict outcomes, raising serious ethical questions and negatively affecting the industry’s reputation.

What risks and opportunities do wars bring for operators and affiliates?

Operators in conflict zones face team relocation, release delays, cost increases, tightened sanctions and AML compliance, as well as the necessity to diversify geography and payment solutions. Meanwhile, affiliates benefit from spikes in online activity and demand for mobile and live content, but also face risks of sanctions-induced blocks, payment limitations, and reputational damage from collaborating with “undesirable” jurisdictions or vulnerable groups (military personnel, refugees).