bitcoins and gambaling in UK

[iamTom123]

Gambling is a very lucrative business and since you want to do it online then you would have a bigger market to work with, although it is likewise a very competitive market. You need a good promotion strategies to establish loyal members who have the money to burn. In fact, we already have many successful gambling-based ICOs recently and they raked in millions of dollars for their business. You can also look at introducing your own ICO later.

As to legality, I am not familiar with the laws of UK but am sure there are already regulations establish for this business. You just need to make some research and talk to a qualified corporate lawyer so you will not have any legal problem later. Here in my country, an online gambling site can be illegal without the franchise granted by the government.

[iyan33]

Maybe in some countries there are different rules about the prohibition of gambling both real and via online, although gambling in the country where i live is prohibited by the government but the fact that i can still access gambling via online until now i never get serious problems with online gambling

[buwaytress]

If you're wondering about the legality of gambling and using crypto in the UK, you'll be glad to know that as a jurisdiction the UK Gambling Commission certainly does recognise Bitcoin as a legitimate form of gambling currency.

Yes, you could easily get away with registering and licensing from a variety of other jurisdictions like Costa Rica, as suggested by others, but if you're setting up a business and are inclined to go with regulation and reputation, a license from the UK GC jurisdiction is worth far, far more than that of say, Costa Rica.