BlockBeats News, February 27 — According to Bloomberg, the UK Gambling Commission is planning to assess the feasibility of allowing gamblers to use cryptocurrencies for betting payments. This move is in line with the UK’s efforts to develop a regulatory framework for digital assets.
The report states that the Financial Conduct Authority is expected to finalize regulations related to crypto assets this year, with plans for them to come into effect by the end of 2027. British gambling companies may be able to apply for crypto licenses under the new regulatory system in the future.
Tim Miller, Director of Research and Policy Implementation at the UK Gambling Commission, said that this exploration will be part of a broader digital asset regulatory process.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The U.S. FDIC’s new rules bring stablecoins into the bank regulatory framework, implementing key provisions of the “GENIUS Act”
The Federal Deposit Insurance Corporation (FDIC) has introduced new regulations that bring stablecoin oversight closer to the bank model, requiring issuers to hold safe assets and allowing them to be redeemed on a 1:1 basis. This change strengthens the link between stablecoins and traditional finance, improving transparency and safety, and is expected to attract more institutional investors while promoting the integration of cryptocurrencies with traditional finance.
GateNews26m ago
Strengthen the interaction between banks and tax authorities! China encourages banks to use blockchain, but everyone who speculates in cryptocurrencies or tries to tokenize things is committing crimes.
The Chinese government encourages banks to use blockchain technology to strengthen “bank-tax interactions,” improve the financing environment for small and medium-sized enterprises, and at the same time comprehensively ban private cryptocurrency trading and mining. It treats stablecoins and tokenization as illegal activities, demonstrating clear policy boundaries and emphasizing official oversight and financial security.
CryptoCity47m ago
Polymarket bets on a U.S.-Iran ceasefire and makes a staggering 3,500% profit—are insider trading allegations heating up?
As U.S.-Iran tensions ease, asset prices rebound. Some traders have predicted the market with pinpoint accuracy to profit from ceasefire gains, sparking discussion about insider trading. Although there is no evidence yet, frequent cases have challenged market fairness, and regulators have begun to pay attention. Polymarket has also updated its rules to strengthen market integrity. The industry faces a key question of balancing openness with compliance.
GateNews54m ago
Bitcoin Collateralized Loans Launch in the U.S.: A Boost for Innovation or an Amplifier of Risk?
U.S. housing finance institution Fannie Mae rolls out a Bitcoin mortgage pilot, allowing borrowers to use Bitcoin as collateral to obtain cash loans, a move that has sparked heated discussion in the market. Experts say the model is suitable for groups with strong financial assets, but it also faces high risk from Bitcoin’s price volatility. Even though it is unlikely to become a mainstream product in the short term, this initiative provides a new path for crypto assets to enter traditional finance.
GateNews1h ago
Party fears secret mobilization? Jack Dorsey: China asks Apple to take down Bitchat decentralized communications app
Apple removed the decentralized communications app Bitchat from the App Store due to China regulatory requirements. Because of its Bluetooth and mesh network features, it was deemed to carry a risk of social mobilization, violating China’s Cybersecurity Law. Bitchat’s decentralized architecture makes it difficult for the government to regulate it, and it has played a role in protests across multiple countries. The app can still be used outside China, and its download numbers have continued to rise recently.
CryptoCity1h ago
South Korea’s financial authorities officially roll out an enhanced version of the virtual-asset withdrawal delay regime, with unified exception standards
The Korean Financial Services Commission and the Financial Supervisory Service announced that they will implement an “enhanced version of the withdrawal-delay制度,”统一制定 and standardize the exception criteria for delayed virtual-asset withdrawals, with the aim of preventing scam funds from being withdrawn and ensuring trading security.
GateNews1h ago
