UK Gambling Commission permits bitcoin and crypto gambling

crypto

New member
The Gambling Commission of the United Kingdom updated their "License conditions and codes of practice" document to include regulation for bitcoin and other crypto currencies. While the Isle of Man Gambling Commission is currently in the process of drawing up guidelines, the UK Gambling Commission is the first major gambling regulator to officially allow their licensees to accept BTC and digital currencies providing the appropriate AML procedures are put in place.

UK Gambling Commission licences include major gambling sites like Bet365, Ladbrokes, William Hill, Coral and many other major brands. Users of these bookmakers, casinos and poker room will soon be able to deposit and withdraw from their accounts using bitcoin.
 

Marathonbet

New member
bitcoin is primarily for the underserved so i can't see this making much of a difference. sports bettors in the uk already have about 20 different ways to easily fund their betting accounts so it's not going to be as quickly adopted there as it is in the united states for example.
 
Top