The UK Gambling Commission is considering allowing punters to pay for their bets using cryptocurrencies. This move comes as Britain prepares to adopt digital-asset regulations, with the Financial Conduct Authority expected to finalize rules in 2026.
According to a recent speech by the commission's executive director, Tim Miller, around 8% of the UK's adult population own cryptocurrencies. This figure has declined slightly despite Bitcoin reaching a record high in October last year.
The industry has been pushing for greater regulation and cooperation with lawmakers, seeking to influence policy in a country that has fallen behind the US and European Union in this area.