UK Ruling on Revolut Sparks Debate Over Cryptos in Gambling

[MissExposé]

A UK Financial Ombudsman Service ruling against fintech firm Revolut has drawn industry attention to how cryptocurrency intersects with gambling. The decision found Revolut failed to adequately support a customer who used the app to convert money into crypto and then gamble, despite repeated requests for account closure or restrictions. The ombudsman highlighted gaps in protective measures, noting that existing gambling‑block tools do not apply to crypto transactions. The case raises concerns about consumer risk as crypto usage in gambling rises, particularly outside regulated markets, and underscores calls for stronger safeguards from both financial and gambling regulators.

Source: https://www.casinonewsdaily.com/blo...olut-draws-focus-to-cryptos-role-in-gambling/