UKGC Explores Options on Crypto Gambling, Refuses to Set Deadlines

UK Gambling Commission Reviews Crypto as Payment Option

The regulator raised the topic at an industry meeting. Tim Miller spoke at the annual gathering of the Betting and Gaming Council on February 26, 2026. His tone was calm — yet firm.

Miller said the Commission wants to explore a path for cryptoassets. These digital coins could serve as a payment option for licensed casinos. Demand from players appears to be rising. Search data shows crypto terms often lead users to illegal casinos. That link concerns officials.

Still, no timeline exists. Miller called the issue an open debate. The regulator appears careful — and unwilling to rush.

Law Changes May Open the Door

The discussion connects to the Financial Services and Markets Act 2000. Lawmakers may update the act in coming years. If approved, cryptoassets could fall under the Financial Conduct Authority starting October 25, 2027.

That move could clarify how crypto works in financial markets. It may also allow casinos to accept crypto under clear rules. However, approval would still depend on strict checks.

Officials must review:

• Consumer safety rules

• Anti-money laundering controls

• Financial risk standards

Miller said challenges remain — but the industry should study what is possible. He warned against blocking change without review. Nevertheless, safety will guide any decision.

Illegal Casinos Drive the Debate

Illegal gambling remains a major concern in Great Britain. The government has formed a dedicated Illegal Gambling Taskforce. Its goal is to reduce traffic to unlicensed casinos.

Crypto appears tied to part of that traffic. Industry data ranks it among the top search drivers to illegal sites. Hence, the regulator faces pressure to respond.

Miller also addressed digital ads. He previously criticized Meta Platforms over promotions linked to illegal casinos. He now reports more positive talks with company leaders. It is early — but he plans to hold firms accountable.

For now, the Commission studies its next step. Crypto gambling may enter the legal market. Yet the timeline remains unclear — and no deadline stands.