FCA & regulation
Gambling tokens and prediction markets — UK risks
Quick answer: Gambling with crypto is still gambling — winnings may have tax implications and platforms may need Gambling Commission licensing. Prediction markets and 'casino tokens' are high-risk and often unregulated as investments.
Some tokens and platforms blur gambling and investing. UK gambling and financial promotion rules may apply differently from normal crypto exchanges.
Reviewed by Digital Assets Team
Not financial advice. This guide is general information only, fact-checked against UK government sources. It is not a personal recommendation. Cryptoassets are high-risk. You may lose all the money you invest.
Crypto casinos and betting
Using crypto to bet online does not bypass UK gambling law. Licensed operators must hold appropriate permissions.
Prediction markets
Some platforms offer event betting using tokens. Treat as gambling or speculative high-risk activity — not diversified investing.
Frequently asked questions
Are meme coins gambling?+
Meme coins are speculative cryptoassets, not licensed gambling products — but risk profiles can be similar.