Sky News Daily Crypto casinos: the new 'Wild West' hooking gamblers
Sep 19, 2023
17:55
Sky News has uncovered how online streamers may be breaking UK gambling laws by promoting crypto casinos - and there are questions over whether the casinos are doing enough to monitor this.
Crypto casinos are similar to 'normal' online casinos, offering virtual versions of popular games like slot machines. The difference is they use digital currencies: players convert pounds, euros and dollars into virtual cash such as Bitcoin to gamble with.
This type of casino is illegal in the UK, with the Gambling Commission taking a hardline stance against any operator that accepts cryptocurrency as a direct method of payment.
On the Sky News Daily, Sally Lockwood explores crypto casinos with our investigative reporter Sanya Burgess, and what harms they could cause.
Podcast producer: Soila Apparicio
Promotions producer: David Chipakupaku
Editor: Wendy Parker
Crypto casinos are similar to 'normal' online casinos, offering virtual versions of popular games like slot machines. The difference is they use digital currencies: players convert pounds, euros and dollars into virtual cash such as Bitcoin to gamble with.
This type of casino is illegal in the UK, with the Gambling Commission taking a hardline stance against any operator that accepts cryptocurrency as a direct method of payment.
On the Sky News Daily, Sally Lockwood explores crypto casinos with our investigative reporter Sanya Burgess, and what harms they could cause.
Podcast producer: Soila Apparicio
Promotions producer: David Chipakupaku
Editor: Wendy Parker