NetBet first UK licensed operator to accept Bitcoin

The UK i-gaming operator has become the first licensed operator in the UK to allow the virtual currency. Netbet customers will now have the option to use Bitcoin to bolster their accounts through the Neteller and Paysafe payment operators.

Bitcoin has developed into a more mainstream currency after its value hit a two year high and has been adopted by major retailers such as Expedia, Microsoft, Virgin Galactic and Dell. Netbet may have been inspired to make the move after Bitcoin-only gambling operator Sportsbet.io had a successful first month in July.

Alexandre Mangaud, NetBet spokesman, said: “We have been looking at digital currencies for some time now; it has a growing user-base and was something we wanted to offer our customers.

“Since Bitcoin is new to the regulated gambling industry in Europe, we’ve worked closely with our payment processing partners to ensure that the addition of this new payment method meets the UK Gambling Commission regulatory requirements.”

Stay updated with GI

Follow Gambling Insider for independent news, analysis and industry expertise.

Add as a preferred source on Google

Dhanum Nursigadoo

Editor

Dhanum Nursigadoo served as an Editorial Assistant (Intern) at Gambling Insider from October 2016 to January 2017, where he supported the publication’s editorial team across both digital and print operations. During his internship, he played an active role in the day-to-day production of industry content, assisting with research, content preparation, and editorial coordination.

Throughout his tenure, Dhanum contributed to maintaining editorial accuracy and workflow efficiency, supporting the production of news articles and magazine content. His work helped ensure timely delivery of content while gaining hands-on experience within a fast-paced B2B publishing environment.

Visit Profile