Crypto casino takings top $80bn as gamblers bypass blocks

Q: How long will it take to read this news story?

The story "Crypto casino takings top $80bn as gamblers bypass blocks" has 1275 words across 45 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Crypto casino takings top $80bn as gamblers bypass blocks" was covered 5 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 4 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28083133</li><li>URL: https://encashes.beamstart.com/news/crypto-casino-takings-top-80bn-17452081263649</li></ul>

Financial Times 5d ago

Crypto casino takings top $80bn as gamblers bypass blocks - Financial Times

Quick Summary:

Rollbit’s UK platform, which does not accept cryptocurrency, is regulated through a “white label” licence — which are sold to overseas gambling brands by UK providers licensed by the Gambling Commission, allowing them to operate in the UK without direct regulatory oversight.

The commission said it would write to all three football clubs “with unlicensed sponsors” to warn of the “risks of promoting unlawful gambling websites”, and “seek assurance from the clubs that they have carried out due diligence on their white label partners and that consumers in Great Britain cannot transact with the unlicensed sites”.

YieldSec, which says its technology allows it to “monitor all of the audience, all of their activity, all of the time across all forms of legal and illegal online gambling”, estimates there are tens of thousands of crypto casinos worldwide that cater to tens of millions of users.