The Rising Threat of the Black Market in the UK Gambling Scene
Briefly

from Business Matters2 months ago
A 2023 report by Chainalysis revealed that illicit cryptocurrency gambling transactions surged 64% in 2022, indicating billions of dollars flowing through unlicensed, dark web casinos.
Business Mattershttps://bmmagazine.co.uk/business/the-rising-threat-of-the-black-market-in-the-uk-gambling-scene/
In 2021, an estimated 460,000 British gamblers turned to illegal sites, generating a staggering £2.8 billion in revenue for the unregulated gambling market, which continues to grow.
Business Mattershttps://bmmagazine.co.uk/business/the-rising-threat-of-the-black-market-in-the-uk-gambling-scene/
The rise of unlicensed casinos is significantly driven by strict regulations in the legal market, alongside technological advancements and the allure of anonymous gambling to consumers.
Business Mattershttps://bmmagazine.co.uk/business/the-rising-threat-of-the-black-market-in-the-uk-gambling-scene/
The black gambling market is an alarming new reality, with crypto and illicit online operations threatening consumer safety and undermining the credibility of the regulated gambling industry.
Business Mattershttps://bmmagazine.co.uk/business/the-rising-threat-of-the-black-market-in-the-uk-gambling-scene/
Read at Business Matters
#illegal-gambling #uk-gambling-market #cryptocurrencies #dark-web #consumer-safety
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