SOFTSWISS analysts say 65%–70% of iGaming operators could disappear in 5–10 years as legalization spreads

The headline number is blunt: SOFTSWISS analysts expect at least 65%–70% of iGaming operators to close over the next 5–10 years as the industry keeps getting legalized around the world. For PSPs, that is not just a market forecast; it is a reminder that licensing pressure tends to sort operators into those with proper payments infrastructure and those without.

1. SOFTSWISS analysts put the expected operator shakeout at 65%–70% over the next 5–10 years.
2. The driver they point to is the global legalization process for iGaming. As more markets move into formal licensing frameworks, weaker operators face a narrower path to keep processing payments and staying in business.
3. For high-risk PSPs, the practical takeaway is simple: legalization does not automatically mean easier payments. It usually means more operators chasing regulated rails, stricter onboarding, and a shorter runway for businesses that cannot meet compliance and banking requirements.