The UK Gambling Commission is assessing the possibility of allowing consumers to fund bets using cryptocurrency. Executive Director Tim Miller stated the regulator aims to understand how these digital assets can be used safely within regulated gambling environments.
This review follows the upcoming oversight by the Financial Conduct Authority under new crypto asset regulations, with enforcement expected in late 2027.
As an initial step, the industry has been tasked with developing a regulated pathway that prioritizes innovation alongside robust consumer protections and licensing compliance.
Betting firms could seek authorization for direct crypto transactions on regulated platforms, potentially directing gamblers away from illegal sites.