UK won’t regulate cryptocurrencies as a form of gambling

UK Financial Minister Rejects Crypto as Gambling, Advocates for Balanced Regulation

The UK is positioning itself as a leader in the cryptocurrency sector, with decisions that may have long-lasting implications for both domestic and global regulation. A Reaction to Parliament’s Committee Recommendations In a notable move, Andrew Griffith, Britain’s Financial Services Minister, has publicly rejected the notion of categorizing cryptocurrencies as a form of gambling. This…

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Drake-backed gambling startup Stake faces legal hurdles in Australia

Local Legal Battle: Sydney’s Stake Challenges Drake’s Online Casino Brand

The clash of two companies sharing a name highlights the complexities in the rapidly evolving online gambling landscape. As the competition intensifies, both companies are vying for dominance by leveraging their unique strengths and resources. This has prompted an increased focus on consumer engagement and innovation, as each seeks to position itself as the go-to…

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Web3 casinos amassed $5b in crypto from 4k wallets in 2023 alone, data shows

Local Insights: How $5 Billion Flows into Web3 Casinos from Just 4,000 Wallets

The burgeoning world of web3 casinos is turning heads as they collectively amassed $5 billion in cryptocurrency within just one year. This remarkable growth has attracted not only enthusiasts but also local traders and bitcoin’s impact can be seen in the way traditional gambling practices are being transformed. As decentralized platforms gain traction, they are…

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Robinhood CEO criticizes UK over 'backwards' crypto stance

Robinhood’s CEO Critiques UK’s Strict Crypto Regulations Amid Expansion Plans

Robinhood’s UK Expansion Controversy: A Look at Regulatory Approaches As the cryptocurrency market continues to evolve worldwide, significant discussions surrounding regulation take center stage, particularly in the United Kingdom. Vlad Tenev, the CEO of Robinhood, recently expressed concerns over the UK’s stringent regulations on cryptocurrencies during an interview with the Times. His critique raises questions…

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Sports Illustrated and Galactic launch new prediction platform: report

Sports Illustrated and Galactic launch new prediction platform: report

Sports Illustrated is launching a new prediction market platform in partnership with U.K.-based media firm Galactic. The platform, called SI Predict, will allow users to place bets on sports-related events without wagering on the actual outcomes of games. SI Predict operates similarly to platforms like Polymarket and Kalshi, which use blockchain-based derivatives contracts to let…

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