NetBet accepts bitcoin and becomes the first UK licensed crypto gambling site

Even through the UK is home to some of the oldest and biggest online gambling companies in the world, they certainly haven't led the way when it comes to crypto-currency gambling. Until very recently, the UK Gambling Commission did not grant licences to sports betting or casino operations that supported bitcoin or any other crypto-currncies. As a results, major bitcoin gambling operators like Nitrogen Sports stopped accepting players from the United Kingdom.

Thankfully the UK Gambling Commission introduced new regulations a few months ago that permitted poker rooms, casinos and bookmaker to start accepting BTC, providing certain provisions were made to keep players crypto-currencies safe. The first UK licensed gambling operator to take advantage of the softening of these rules and regulations is NetBet. They have partnered with well known BTC payment processor BitPay, who will take care of player deposits and payouts.

 

Unlikely because I doubt that Nitrogen Sports will apply for a gambling license from the UKGC. Before they would grant a license they would probably impose a level of regulation that would be burdensome to Nitrogen. The UK betting markets is extremely competitive so I doubt they would make enough from that market to justify the additional cost of meeting the gaming commissions demands.