Alberta iGaming
Compliance Training Opportunity
A $450M–$1B market launching with zero compliance training infrastructure. WKT is positioned to own it from day one.
Executive Summary
Alberta is launching Canada's second open-market iGaming regime in 2026. Operator registration opened January 13, 2026 under the iGaming Alberta Act. The Alberta iGaming Corporation (AiGC) — a brand new Crown corporation — is being built from scratch to manage the commercial side.
Every iGaming operator in Canada is classified as a Money Services Business (MSB) under FINTRAC. They must maintain comprehensive compliance programs including mandatory, documented, ongoing training for all relevant employees. Ontario proved this market works financially ($3.2B in GGR). It also proved that leaving compliance training to individual operators creates an expensive, risky mess.
The Opportunity for WKT
Become the centralized compliance training infrastructure partner for Alberta's iGaming market — before a single operator goes live. Nobody in Canada offers the full package: adaptive platform + Canadian-specific content + compliance management + regulator visibility. WKT does.
The Market — By the Numbers
Alberta Projections
The Ontario Lesson — What Went Wrong
Ontario launched its open iGaming market in April 2022. It's been a financial success and a compliance disaster. This is WKT's entire opening.
❌ What Ontario Did
- No centralized training platform
- Each operator built their own compliance training
- Quality varied wildly across 50+ operators
- Manual STR/LCTR reporting — no standardization
- No regulator visibility into training quality
- FINTRAC cyber incident (2024) — 60,000+ reports backlogged
✓ What Alberta Can Do
- Centralized training platform from day one
- Standardized compliance training for all operators
- Consistent quality, measurable outcomes
- Audit-ready documentation built in
- Regulator dashboard with real-time visibility
- Alberta learns from Ontario's mistakes
The Fines Are Already Flowing
Ontario regulators (AGCO) are levying significant fines for compliance failures — and they're targeting training and documentation gaps, not actual money laundering:
BetMGM
$110,000
Compliance failures
theScore Bet
$105,000
Compliance failures
Multiple Others
$70,000+
Combined penalties
Maximum Penalty
$500,000
Per offence
The Key Insight
Effectiveness reviews are finding operators failing on: training completeness (staff weren't fully trained), documentation (no evidence training happened), and behavioural change (no proof training actually changed how employees act). A centralized training platform with built-in assessment and tracking solves all three.
The 5 Mandatory Compliance Pillars
Every iGaming operator in Canada is classified as an MSB under FINTRAC. Each must maintain a compliance program built on five mandatory pillars — each with direct training implications.
1. Compliance Officer
Every operator must appoint a named Compliance Officer with specialized, documented training. High-value individual certification opportunity.
2. Written Policies
Documented policies for KYC, record-keeping, STR/LCTR reporting, sanctions screening. Every employee touching these processes needs training.
3. Risk Assessment
Regular documented risk assessments covering products, customers, geography, delivery channels. Ongoing training — not one-and-done.
4. Ongoing Training
This is the pillar WKT owns. Regular, documented, demonstrably effective training for all employees. Not just completed — proven to change behaviour.
5. Effectiveness Reviews
Every 2 years, independent audits test whether training actually worked. Audit-ready evidence: completion records, assessment scores, competency tracking, remediation logs.
Training Market Size & Revenue Opportunity
Alberta — Immediate Opportunity
| Revenue Stream | Assumptions | Est. Annual Revenue |
|---|---|---|
| Operator Compliance Training | 20–40 operators × 50–200 employees × $150–$300/person/year | $150K–$2.4M |
| Compliance Officer Certification | 20–40 officers × $1,500–$3,000 per certification | $30K–$120K |
| PlaySafe Industry Certification | 2,000–8,000 workers × $25–$50/certification (ProServe model) | $50K–$400K |
| Enterprise Platform Licences | 20–40 operators × $5,000–$15,000/year platform fee | $100K–$600K |
| Regulator Dashboard Licence | AiGC/AGLC platform access and support | $50K–$150K |
| ALBERTA TOTAL (Year 1–2) | $380K–$3.7M |
National Scale (Years 2–5)
| Market | Status | Est. Additional Revenue |
|---|---|---|
| Ontario Expansion | 50+ operators already struggling with compliance. Immediate demand. | $1.5M–$7.5M |
| BC, SK, MB (if they open) | Watching Alberta. 30–50+ additional operators if liberalized. | $500K–$3M |
| PlaySafe National | All Canadian iGaming workers. Recurring certifications. | $500K–$2M |
| NATIONAL TOTAL (Year 3–5) | $2.5M–$12.5M+ |
Why This Is Recurring Revenue
Compliance training isn't one-time. Every employee, every year, must be trained and documented. Every new hire needs onboarding. Every operator needs annual refreshers. Effectiveness reviews happen every 2 years. As the market grows, revenue grows — automatically.
The WKT Proposal: Three-Audience Platform
A) For Operators
Turnkey compliance training covering all 5 pillars. Adaptive learning platform with compliance dashboards, workforce tracking, and audit-ready documentation. Branded operator storefronts. One platform for all Canadian operations.
B) For the Regulator
Real-time regulator dashboard showing compliance status across all operators. Standardized benchmarks. Reduced regulatory burden — if they're on the platform, they meet the standard. Defensible evidence trail for enforcement.
C) PlaySafe Certification
Think ProServe, but for iGaming. A standardized industry credential covering AML, responsible gambling, player protection. Mandatory for all iGaming employees if AiGC endorses it. Portable across all Canadian jurisdictions.
Content Partner: Tamlo International — Canada's leading AML training content provider. Award-winning "Flag the Money" series used by Canadian Credit Union Association. Canadian-specific, FINTRAC-aligned micro-learning library. Tamlo creates content — WKT provides the platform, compliance management, and regulator integration.
Competitive Landscape
Nobody in Canada is offering the full package. Individual pieces exist. The integrated solution does not.
| Competitor | What They Do | Threat |
|---|---|---|
| MNP | Dominant AML consulting. Custom program design at $300–$500/hr. Not scalable, no platform. | Medium |
| ACGCS | Niche voluntary certification. Not a training platform, narrow scope. | Low |
| Tamlo International | Canadian AML content leader. Content only — no platform. Our partner. | Partner |
| Generic LMS (Docebo, etc.) | Learning management systems. No iGaming content, no Canadian specificity, no compliance features. | Low |
WKT's unique position: Content (Tamlo) + Adaptive Platform (WKT) + Compliance Management + Regulator Visibility. Nobody else integrates all four.
Why We Know Training
25+ Years in Regulated Training
WKT has been building training for licensed professionals (LLQP, CFP, CIRO) since before most iGaming companies existed.
Adaptive Learning Platform
Not a generic LMS. Personalizes learning paths, measures actual competency — not just completion. Exactly what FINTRAC's "demonstrably effective" standard requires.
Enterprise Infrastructure
Branded storefronts, dashboards, bulk licensing, compliance reporting — already built for financial services. Ready to configure for iGaming.
Already Building for CIRO
Same model, different sector. The CIRO work proves WKT can take a regulatory mandate and turn it into a training platform.
Based in Alberta
This is a provincial initiative creating a provincial Crown corporation. Having a local partner matters politically and practically.
Tamlo Content Partnership
Immediate access to Canada's leading AML training content library. No content development delay for core compliance modules.
Timeline & Window of Opportunity
Operator Registration Opens ✓
AGLC began accepting operator registrations. AiGC being built simultaneously. The infrastructure is being designed right now.
Partnership Window Open
AiGC is building from scratch — every system, process, and standard is being designed. The window to become embedded in the infrastructure is measured in weeks, not months.
AiGC Meeting
Meeting with AiGC Vice-Chair & CEO. Position WKT as the training infrastructure partner. Propose exclusive/preferred partnership.
Formalize Partnership + Build
MOU/LOI with AiGC. Map curriculum to AGLC compliance standards. Begin iGaming-specific content development on top of Tamlo library.
Platform Ready Before Market Launch
MVP platform with Tamlo content integrated. Pilot with early-registering operators. PlaySafe certification program developed.
Alberta Market Goes Live
Operators begin accepting bets. WKT's platform is the compliance training infrastructure from day one. Alberta gets it right where Ontario didn't.
First-Mover Advantage Is Everything
Whoever builds the training standard for Alberta sets the bar nationally. Once operators adopt a compliance platform, switching costs are high. Regulatory endorsement from one province creates credibility in all others. The compliance requirements are federal (PCMLTFA) — the platform doesn't need to be rebuilt for each market.
The National Play
Alberta is the beachhead. It is not the endgame.
Phase 1: Alberta (2026)
Establish the platform, partnership model, and PlaySafe credential. Prove it works with AiGC endorsement.
Phase 2: Ontario (2026–27)
50+ operators already struggling with compliance. A proven platform with AiGC endorsement becomes immediately attractive. AGCO fines are making compliance a board-level concern.
Phase 3: BC, SK, MB (2027+)
These provinces are watching Alberta. If Alberta's model succeeds — clean compliance + strong revenue — political pressure to open will be enormous. WKT is already positioned.
Distribution channel: The Canadian Money Services Business Association (CMSBA) is a potential national partner. FINTRAC compliance is federal — a platform validated in Alberta and proven in Ontario has a clear path to national adoption.
The ProServe Model — Why It Works
Alberta's ProServe certification is mandatory for every person who serves alcohol. It's the model for PlaySafe:
ProServe (Alcohol)
$25 + GST per certification
5-year renewal cycle
Mandatory for all liquor industry workers
Managed by AGLC
Tens of thousands of certifications annually
PlaySafe (iGaming) — Proposed
$25–$50 per certification
Annual or biennial renewal
Mandatory for all iGaming employees (if AiGC mandates)
Managed by WKT, endorsed by AiGC
Grows with every new operator and hire
The Power of a Mandate
A mandated certification creates a durable, predictable revenue stream that doesn't depend on operator goodwill. It gives AiGC something tangible: "Our workforce is certified. Ontario's isn't."
The Window Is Open Now
AiGC is being built from scratch. Every system, process, and standard is being designed right now. The time to become embedded in the infrastructure is measured in weeks.
Discuss Next Steps