Wargaming was founded by Victor Kislyi in Minsk on 2 August 1998,[3] intending the company as a developer of strategy video games.

Wargaming started working on its first full-scale commercial project—the sci-fi turn-based strategy game Massive Assault, in March 2002.

[20] On 7 August 2012, Wargaming acquired Australian company BigWorld Technology[21][22] which brought development of the middleware for its MMO projects in-house.

[33] On 22 July 2013, the company bought Total Annihilation and Master of Orion intellectual properties from the Atari bankruptcy proceedings.

[36] In October, the company also rebranded DropForge, a Bellevue, Washington-based mobile game studio founded in 2013 by David Bluhm, as WG Cells.

In November 2016 Wargaming, SEGA and Creative Assembly announced a new strategic partnership that will see Total War: ARENA published worldwide.

[46] In November 2020, the Cypriot government announced an investigation into possible passport fraud, where Wargaming employees were granted "Golden Passports" (faster Cypriot citizenship in exchange for monetary investments in the country) on fraudulent grounds, 27 of which were found to be non-compliant with the program's criteria, including having filed using fake addresses (assigned to parking lots, empty land, etc.).

[48] In August 2021, Wargaming found itself amidst controversy once again when a large part of the "Community Contributors" (a form of associate program) walked out in protest over the over-proliferation of lootboxes and gambling mechanics in World of Warships, paired with the chronic abhorrent treatment of them and the players by the developers at Lesta Studio in the last few years.

All our staff are now focused on helping out our over 550 colleagues from Kyiv and their families... Sergei's opinion is in complete contradiction with the company's position.

"[54][55] On December 30, 2022, Nikolai Katselapov, the chief business development officer was added to the list of "organisations and individuals involved in terrorist activities" by Belarus KGB.

[57] Wargaming is involved in a number of projects to preserve military cultural heritage, including:[77] On 1 November 2017, the World of Warships team organized a fundraiser to support the USS Texas Museum that was in severe financial need after the floods caused by Hurricane Harvey.

World of Warships donated $25 to Battleship Texas Foundation for each qualifying referral during this charitable campaign on top of the proceeds from bundle sales.

[88][89] On 16 November 2019, Wargaming partnered with Muskogee War Memorial Park in Oklahoma to raise money to save the USS Batfish (SS-310) submarine, with the goal of helping the museum reach $150,000 to cover the necessary repairs.

Available via the Littlstar VR cinema network, the series currently includes the T-34-76,[96] the M4 Sherman "Fury"[97] from the Brad Pitt movie of the same name, the Type 59,[98] Leopard 1,[99] and the Chieftain.

[102] The video rekindles the memories of three veteran World War II tankers, blending live action panorama footage with CG scenes for the very first time.

In spring 2016, Wargaming worked with the National Museum of the Royal Navy, Portsmouth Historic Dockyard and honoured the anniversary of the Battle of Jutland with an augmented reality app: HMS Caroline AR Experience.

[103] To congratulate Russians on Navy Day, Wargaming created a PortHub augmented reality mobile app that allowed users take snapshots with warships.