The UK Gambling Commission is reviewing the possibility of allowing licensed gambling operators to accept cryptocurrency payments. Announced during the Betting and Gaming Council's annual meeting, this early-stage review reflects growing consumer interest in digital assets. Currently, UK operators are prohibited from accepting direct crypto deposits due to challenges in verifying funds and meeting anti-money laundering requirements.
The commission's Industry Forum will explore whether a compliant framework can be developed, aligning with broader financial reforms that aim to regulate cryptoassets under the Financial Conduct Authority by 2027. The review aims to keep players within licensed markets while ensuring protections against financial crime and gambling-related harm. Approximately 8% of UK adults hold cryptocurrencies, influencing demand for alternative payment methods in gambling.
UK Gambling Commission Explores Crypto Payment Options for Operators
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