UK Gambling Commission Considers Allowing Cryptocurrency for Betting

Odaily News The UK Gambling Commission plans to explore the possibility of allowing gamblers to use cryptocurrency to place bets, a move that aligns with the UK's ongoing development of a digital asset regulatory framework. According to Tim Miller, Executive Director of Research and Policy at the Gambling Commission, who revealed this in a speech on Thursday, as the UK Financial Conduct Authority (FCA) is expected to establish rules for crypto activities by 2026, gambling companies may become one of the types of institutions applying for crypto licenses under the new regulatory regime.