Friday, October 16, 2026
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

UK Gambling Commission Posts £65,000 Job to Hunt £16.6B Black Market

by SB Crypto Guru News
May 12, 2026
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


Key Takeaways

  • UK Gambling Commission posts £65,000 senior “Head of Illegal Markets” role to combat £16.6bn black market.
  • Acting CEO Sarah Gardner welcomed £26m new government funding over three years for tackling illegal gambling.
  • Tim Miller logged 741 cease-and-desists and 1,134 site takedowns in 2025-26.

£65,000 Salary Draws Scrutiny as Regulator Confronts £16.6bn Market

The UK Gambling Commission posted a new senior “Head of Illegal Markets” role this week, advertising the position at a £65,000 base salary that industry observers have widely criticized as inadequate for the scope. Speaking at the Bingo Association AGM on May 7, acting chief executive Sarah Gardner welcomed £26 million in new government funding over the next three years, saying this would allow the regulator to address land-based illegal gambling “arguably for the first time in a serious way.”

The scale of the problem has expanded rapidly. Research from H2 Gambling Capital, cited by the Betting and Gaming Council, found the unlicensed UK gambling market reached £16.6 billion in 2025, up from around £5 billion in 2019. Separate WARC analysis covered by Bitcoin.com last month projected that unlicensed operators will exceed £1 billion in UK advertising spend by 2028, with illegal sites already accounting for roughly 42 percent of the country’s £1.9 billion in 2026 gambling ad spend.

The Commission’s enforcement output has been substantial, even before the new role and funding take effect. In remarks at the Ethical Gambling Forum on April 28, executive director Tim Miller said that during 2025-26 the regulator had issued 741 cease-and-desist notices, reported almost 400,000 URLs to search engines, referred over 1,000 websites for delisting, and disrupted 1,134 additional sites through takedown or geo-blocking. Miller said the Commission would “continue to ramp up our action against the illegal market” while calling on Meta, Google, and Visa for a coordinated response.

The hire arrives during a leadership transition at the regulator. Andrew Rhodes stepped down as chief executive on April 30 after announcing his departure earlier in the year; Gardner has moved up from deputy chief executive to acting CEO while the board recruits a permanent replacement. The Department for Culture, Media and Sport launched a dedicated illegal gambling task force in January, led by gambling minister Baroness Twycross, designed to coordinate enforcement across regulators, law enforcement, and major platforms.

The new enforcement focus runs in parallel with the Commission’s separate work on bringing cryptocurrencies into the UK’s regulated gambling framework. At the BGC Annual General Meeting in February, Miller said the Commission’s Industry Forum had been tasked with examining how crypto assets could be used to fund legal gambling under the FCA’s incoming regulatory regime, which is expected to come into force on October 25, 2027. The framework would require any operator providing crypto-funded gambling to be authorized by the FCA at that point.

Industry voices have been less measured on the salary attached to the new role. The £65,000 base for overseeing the response to a £16.6 billion problem has been widely flagged in trade press and on industry Linkedin as out of step with the scope. Whether the recruitment yields a senior hire capable of working alongside Gardner’s acting leadership (and the £26 million in new funding) will be one early test of the Commission’s stated intent to address illegal gambling at scale.



Source link

Tags: 16.6BBitcoin NewsBlackcommissionCrypto NewsCrypto UpdatesGamblingHuntJobLatest News on CryptoMarketPostsSB Crypto Guru News
Previous Post

Dogecoin (DOGE) Slows Near $0.1120, Bulls Face Crucial Test

Next Post

Why the World Needs a ‘Neutral’ Blockchain Settlement Layer

Related Posts

Polymarket’s Paid Promos Reach Esports, With Orders to ‘Look Organic’: Report

by SB Crypto Guru News
October 16, 2026
0

Key TakeawaysParticipants rose from 300+ creators in early August to 800+ two months later, Polymarket reps said.A reminder to add...

Binance Claims Fastest $1 Billion Sprint in bStocks With $6 Billion in Share Conversions

by SB Crypto Guru News
October 15, 2026
0

Binance has reported that its bStocks product crossed $1 billion in assets faster than any competing tokenised equity offering. Underpinned...

Brazil’s CVM Tests Tokenized Securities Market in New Pilot Program – Bitcoin News

by SB Crypto Guru News
October 15, 2026
0

Key TakeawaysBrazil’s CVM launched Resolution 249 to test simulated tokenized stock trading on blockchain networks.The trial aims to map out...

Polygon Unlocks 48-State US Payments Reach With Coinme and 4 Early OMS Customers

by SB Crypto Guru News
October 15, 2026
0

Key Takeaways:Polygon acquired Coinme, which expands its payments business to include coverage in the 48 U.S. states.Now it has 37...

VanEck Pulls Lido Staked Ethereum ETF After 1 Year, Ending stETH Fund Plan

by SB Crypto Guru News
October 15, 2026
0

Key Takeaways:VanEck has suggested to the Securities and Exchange Commission that it remove its proposed Lido Staked ETH registration.The S-1...

Load More
Next Post
Why the World Needs a ‘Neutral’ Blockchain Settlement Layer

Why the World Needs a 'Neutral' Blockchain Settlement Layer

CLARITY Act News: Long Awaited 309-Page Text Drops Tonight: What Next?

CLARITY Act News: Long Awaited 309-Page Text Drops Tonight: What Next?

  • Trending
  • Comments
  • Latest
BYDFi Perpetual Futures Data Now Live on TradingView

BYDFi Perpetual Futures Data Now Live on TradingView

March 12, 2026

The 10 Best Solana Memecoins to Buy in 2026

September 18, 2026
K, D, J Lines & Signals

K, D, J Lines & Signals

June 8, 2026

EigenLayer Total Value Locked Crosses $11 Billion

September 23, 2026

American Express Now Offers High-Yield Business Savings Account

September 15, 2026
The Most Profitable & Easiest Options in 2025

The Most Profitable & Easiest Options in 2025

September 26, 2025

Modernists brought into the mix at 1-54 Contemporary African art fair – The Art Newspaper

0

Brooklyn DA Pulls The Plug On Crypto Scam Network

0

Polymarket’s Paid Promos Reach Esports, With Orders to ‘Look Organic’: Report

0

ChangeNOW Announces NOW AI After Resolving Website Integration Vulnerability

0

Self-Sponsoring Your U.S. Visa? Avoid These 3 Common Mistakes

0

VanEck Pulls Lido Staked Ethereum ETF After 1 Year, Ending stETH Fund Plan

0

Modernists brought into the mix at 1-54 Contemporary African art fair – The Art Newspaper

October 16, 2026

Polymarket’s Paid Promos Reach Esports, With Orders to ‘Look Organic’: Report

October 16, 2026

Three in Beasley NBA Betting Case to Plead Guilty, Prosecutor Says

October 16, 2026

Brooklyn DA Pulls The Plug On Crypto Scam Network

October 15, 2026

Quantum fixes protect Bitcoin, but legit owners risk lockout

October 15, 2026

Prop 40 Polls Lead, Markets Doubt

October 15, 2026
Facebook Twitter LinkedIn Tumblr RSS
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.