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Copyright Giulio Coraggio 2018

gambling

Issues affecting Bitcoin and gaming are becoming a very frequent topic of discussion since a number of gaming websites decided to allow Bitcoin transactions.  Even relevant gambling regulators decided to take actions to protect both operators and players in case of Bitcoin transactions to set a friendly environment where such virtual currency can be used.  However, the usage of Bitcoin leads to potential gaming law issues as well as non-gaming related issues.

The UK Gambling Commission published an updated version of its FAQs, providing updated guidance to the industry in relation to a variety of questions that both we, and the industry generally, have been asking. One key aspect that is addressed is the Commission’s requirements in relation to "grey markets" to be met in order to apply for a UK gambling licence.