The Betting and Gaming Council (BGC) recently warned about a troubling trend: crypto casinos UK are actively targeting vulnerable, self-excluded gamblers in the UK. These sites often operate illegally and use cryptocurrency to avoid detection by regulators. As a result, this growing issue threatens the safety of gamblers who have chosen to stop playing on legal platforms like GAMSTOP.
Illegal Gambling and Tax Hikes
Furthermore, the BGC warns that a proposed gambling tax increase could make the problem worse. Surveys show that 14% of gamblers already use illegal operators, while nearly 30% cannot distinguish between regulated and unregulated sites. Therefore, if taxes rise, about 28% of regular gamblers might switch to illegal platforms. Many illegal operators exploit self-excluded players by promoting “casinos not on GAMSTOP,” which further risks vulnerable people.
Offshore Operators and GAMSTOP Exclusion
Moreover, research from Yield Sec reveals that illegal gambling in the UK is largely funded by people on the GAMSTOP self-exclusion scheme. These offshore and unauthorized operators take advantage of this group, who actively seek gambling outside official control. Experts explain that illegal operators avoid becoming legal because of high local operating costs. Instead, they target excluded players through crypto gambling channels.
Conclusion and Continued Coverage
In conclusion, the growing presence of illegal crypto casinos targeting self-excluded gamblers in the UK raises serious concerns about gambling safety and regulation. For more insights on gambling and casinos, visit iGaming News and explore the latest updates.
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