US EditionUK gambling commission considers allowing crypto payments for licensed betting operators
The UK Gambling Commission aims to integrate crypto payments with licensing rules to curb illegal gambling, noting 71% of Europe's online market was illegal in 2024, data shows.
- On Feb 26, the UK Gambling Commission announced it is exploring allowing licensed gambling operators to accept crypto payments, with Tim Miller highlighting its potential to keep consumers within Great Britain’s licensed system.
- Rising consumer searches for crypto prompted regulators to address the illegal market drawing British gamblers to illegal and offshore gambling operators.
- The Commission asked its Industry Forum to study crypto payments aligned with anti-money-laundering controls and consumer safeguards, while Miller urged `exploring the art of the possible` amid risks, stressing this does not approve offshore crypto casinos.
- The exploratory work dovetails with the UK government December submission and the FCA’s expected 2026 rules, while the Commission has stepped up enforcement with additional Treasury funding against unlicensed gambling operators.
- Industry pressure means the crypto industry seeks ties with UK regulators as only around 8 per cent of UK adults own cryptocurrencies, so the change may push operators to strengthen KYC and suitability tests rather than legalise offshore crypto casinos.
13 Articles
13 Articles
UK gambling commission considers allowing crypto payments for licensed betting operators
The U.K. Gambling Commission said it has research showing a growing demand from consumers for crypto payments in gambling, which could help avoid them form going to illicity sites.
UK Gambling Watchdog May Allow Crypto Payments Under New FCA Framework - Invest In Crypto News
The United Kingdom’s Gambling Commission is exploring how cryptocurrency could be used for payments at licensed online casinos, as the country prepares to bring more crypto activity under a new regulatory regime led by the Financial Conduct Authority (FCA). Tim Miller, the commission’s executive director for research and policy, said Thursday that the regulator wants to examine “the potential path forward” for allowing “cryptoasset to be used as…
The UK Gambling Commission Considers To Open the Door to Crypto More Stories ETHNews
For years, British gamblers searching for crypto betting options have ended up on unregulated offshore sites. The UK Gambling Commission has apparently decided that problem is worth solving. The UKGC announced what it describes as a “tentative first step” toward exploring how cryptocurrency could be integrated as a payment method within the licensed UK betting industry. No changes have been implemented. No timeline has been confirmed. What has b…
UK Gambling Regulator Weighs Crypto Payments for Casinos
TLDR The UK Gambling Commission is reviewing whether licensed casinos can accept cryptocurrency payments. Tim Miller said the regulator will examine a clear path for crypto use in online betting. Companies offering regulated crypto services must obtain FCA authorization under the Financial Services and Markets Act 2000. The commission asked its Industry Forum to study how crypto payments could work within current gambling rules. Research shows …
The UK Gambling Commission opened a debate that can change online gambling: allowing licensed operators to accept cryptocurrency payments to prevent users from migrating to illegal sites. The discussion comes as the country prepares a new regulatory framework that will put cryptoactives under the supervision of the FCA, with a regime scheduled to start in October 2027. *** The UK Gambling Commission said that searches and demand for cryptocurren…
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