CRYPTO CASINO
crypto-based payment methods is increasingly unsustainable. Instead, they suggest that “crypto can now realistically be viewed within the same risk-management continuum as other payment systems: requiring appropriate safeguards, tailored controls and regulatory oversight, but not outright prohibition.” They also point out that, in the UK at least, the regulator is obliged by the Gambling Act to adopt a permissive approach i.e. to find ways to allow different types of gambling rather than restrict them. Meanwhile, the EU’s Markets in Crypto- Assets (MiCA) Regulation has laid a concrete foundation for companies to operate across borders with defined AML and KYC expectations. This clarity is especially critical in the iGaming
world, which is itself under intense regulatory scrutiny. Elsewhere, Asia, and Latin America have begun rolling out licensing frameworks and compliance standards tailored for digital assets. The UK Gambling Commission last issued guidance in this area in Q1 of 2025 and gave no hint of being ready to embrace the blockchain. There is no doubt that politics will play a part too, but markets with a desire to protect their consumers, defend their tax base and support their licensed gambling industry will face pressure to act before it’s too late. Chris Elliott will be chairing a panel on cryptocasino at the IMGL autumn conference in Lisbon. Discover details and ticketing at imgl.org/events/imgl-2025-autumn-conference
PHIL SAVAGE Head of Publications and European Affairs, IMGL For information contact: phil@IMGL.org
library/detail.aspx?g=7c9df7c6-a564-41f8-bc25-020912d20d8e
Made with FlippingBook flipbook maker