The threat posed by cryptocurrency as the gambling black market grows

The threat from the gambling black market is something that is increasingly recognised by regulators and politicians, although that was not always the case. After all, it was only a couple of years ago that the Gambling Commission described the threat from the black market as being overstated. However, this spring Gambling Commission executive director Tim Miller told a committee of MPs that the black market was now among its main priorities and that it was likely to become more and more costly to tackle it. Gambling minister Baroness Fiona Twycross also made what might be a significant comment at…