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Europe · GB

United Kingdom

The Gambling Commission licenses gambling for consumers in Great Britain; the FCA authorises payment, e-money and investment firms and registers cryptoasset firms.

At a glance

Status
Non-EU state
Region
Europe
Regulated sectors
GamingPaymentsCryptoInvestment
Authorities
Gambling Commission · FCA
Licensing routes
4

Overview

The framework

The UK is one of the largest regulated markets for online gambling and financial services. Businesses offering gambling to consumers in Great Britain require a licence from the Gambling Commission regardless of where they are based.

The Financial Conduct Authority authorises payment and e-money institutions and investment firms and registers cryptoasset businesses for AML purposes, with a broader cryptoasset regime being introduced. Since Brexit, UK authorisation does not provide EU passporting rights, and vice versa; for groups serving both markets, we plan UK and EU licensing and structure together.

Authorities

Who regulates what

Gambling Commission
Remote and non-remote gambling licensing and supervision in Great Britain.
Financial Conduct Authority (FCA)
Payments, e-money, investment firms, consumer credit and cryptoasset businesses.

Regimes

Licensing routes

  • Remote operating licence

    Required to offer gambling to consumers in Great Britain.

    Sectors: Gaming

  • EMI / authorised payment institution

    FCA authorisation for e-money and payment services.

    Sectors: Payments

  • Investment firm authorisation

    FCA permissions for brokerage, dealing and related activities.

    Sectors: Investment

  • Cryptoasset registration

    AML registration for cryptoasset businesses, alongside the developing authorisation regime.

    Sectors: Crypto

Our Regulatory & Licensing practice prepares the applications for these routes and manages them through to the regulator's decision.

Considerations

What to weigh up

  • Design for high supervisory expectations on consumer outcomes and affordability.
  • Check marketing directed at UK consumers against the financial promotion rules.
  • Plan EU access separately: UK authorisation carries no EU passporting, so serving EU clients usually requires a separate EU entity.

This overview is general information, summarised at a high level. Requirements change and depend on the specific activity; seek advice on your circumstances before acting.

Across jurisdictions

Cross-jurisdiction capabilities

Services we support across the jurisdictions in our directory, described once on their own pages. We deliver each to the requirements that apply locally, coordinating local specialists where local law, registration, representation or professional requirements require it.

Insights

Related analysis

United Kingdom: the right fit for your business?

We look at your product, target clients and banking needs to see whether this jurisdiction fits or another would serve you better, then send a written proposal with scope, timetable and fee.