UK Gambling Regulator Explores Crypto Payments as FCA Advances Crypto Rules

The UK Gambling Commission is assessing the potential introduction of cryptocurrency payments at licensed online gambling operators, as the Financial Conduct Authority (FCA) moves forward with its proposed regulatory framework for cryptoasset firms.

The FCA’s consultation, described as the final stage of its broader crypto regulatory proposals, outlines requirements covering governance, operational resilience, financial crime controls, and Consumer Duty obligations. The rules would apply to firms offering regulated crypto services, including those operating within the gambling sector.

Under the proposed framework, firms conducting regulated cryptoasset activities will be required to obtain full authorisation under the Financial Services and Markets Act. Existing authorised firms will need to vary their permissions, while entities currently registered only for anti-money laundering or payment services must apply for full approval. Applications are expected to open in September ahead of a planned October 2026 implementation.

Gambling Commission Reviews Crypto Payment Pathways

Tim Miller, Executive Director for Research and Policy at the UK Gambling Commission, said the regulator is examining “the potential path forward” for allowing cryptoassets as a consumer payment option for licensed gambling operators in Great Britain.

He made the remarks at the annual general meeting of the Betting and Gaming Council held in London.

Miller said the regulator has asked its Industry Forum, which represents gambling sector stakeholders, to explore possible approaches for accepting crypto payments. No timeline for the review process was disclosed.

Consumer Protection and Illegal Market Concerns

The regulator also pointed to potential consumer protection implications. According to Miller, internal research indicates that cryptocurrency-related searches are among the most common pathways leading UK gamblers to illegal gambling websites.

He added that allowing crypto payments would not automatically bring all operators within the UK regulatory perimeter, as some providers may still fail to meet suitability and compliance standards.

The review reflects a broader regulatory trend toward integrating cryptoasset oversight with existing financial and consumer protection frameworks while monitoring risks linked to unregulated markets.