# Gambling tokens and prediction markets — UK risks

Gambling with crypto is still gambling — winnings may have tax implications and platforms may need Gambling Commission licensing. Prediction markets and 'casino tokens' are high-risk and often unregulated as investments.

## Key facts
- Gambling Commission regulates UK gambling.
- Not the same as FCA crypto registration.
- Tax on winnings differs from CGT.
- High addiction and scam risk.
- Not an investment strategy.

## Crypto casinos and betting

Using crypto to bet online does not bypass UK gambling law. Licensed operators must hold appropriate permissions.
## Prediction markets

Some platforms offer event betting using tokens. Treat as gambling or speculative high-risk activity — not diversified investing.

## FAQs
### Are meme coins gambling?

Meme coins are speculative cryptoassets, not licensed gambling products — but risk profiles can be similar.

## Sources

- [Gambling Commission](https://www.gamblingcommission.gov.uk/)

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— Digital Assets UK (https://digital-assets.co.uk/regulation/gambling-tokens-uk/), reviewed 2026-06-23. Source: https://www.gamblingcommission.gov.uk/