As the firm continues to criticize Evolution for its apparent ties to illegal markets, Playtech’s Chief Executive Officer Mor Weizer was unequivocal about the distinction between illegal and unregulated.
Playtech’s own results for the first six months of the year show that the developer earned €66.4m from unregulated markets, up 2% year-on-year and accounting for 17% of its total B2B revenues.
However, Playtech’s activity outside of regulated markets is focused on jurisdictions that have the ability to move to regulation, Weizer pointed out, citing the supplier’s activity in Brazil and the Netherlands before they opened their regulated markets.
He said: “Unregulated is not illegal. Illegal is illegal. Sanctioned is sanctioned. Supporting unlicensed should not. PlayTech will probably continue to play in uncontrolled markets that are going to be regulated.
“We are constantly looking at the regulatory and legal environment in all markets and we will continue to support those where we believe over time they become regulated or where we can operate and feel comfortable given the risk assessment by the board that we do on a continuous basis.
Playtech has become involved in Evolution’s defamation suit against Black Cube, an Israeli investigative agency hired by Playtech, which released a report saying that Evolution was supplying illegal markets and a number sanctioned by the US government.
Evolution has always stated it is not the case but tensions between the two businesses were further inflamed by the release of a report as part of the court proceedings that Playtech said substantiated a number of Black Cube’s charges.
Following the general release of the Spectrum Report, Playtech said it stands by its decision to commission Black Cube’s research and believes the legal action filed by Evolution would in the end prove the authenticity of the concerns it expressed.
In a reaction to iGaming Expert, an Evolution source said Playtech had quoted selectively from the study and pointed out that investigators did not think the company had ‘engaged in any illegal practices’.
Weizer also said the share of Playtech’s revenue from unregulated markets is anticipated to continue to shrink as new markets become regulated and as Playtech chooses to exit some other jurisdictions.
In H1 2026, the 17% was down 2 percentage points from the 19% of B2B income generated from unregulated marketplaces in H1 2025.
“We should expect to grow, or see a lot of growth in regulated markets that will make our regulated part of our business bigger and bigger over time,” Weizer said.
Evolution’s legal action against Black Cube is ongoing and Playtech’s executives were predictably tight-lipped, but Weizer said enigmatically: “I have lots to say but I can’t.”
