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Tax on Bitcoin Gambling

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  • penners324
    penners324 Posts: 3,516 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Bookmakers are registered and winnings from them is tax free.
    Crypto gambling is not registered.

    Issue solved as to why it's taxable 
  • Jeremy535897
    Jeremy535897 Posts: 10,733 Forumite
    10,000 Posts Fifth Anniversary Photogenic Name Dropper
    penners324 said:
    Bookmakers are registered and winnings from them is tax free.
    Crypto gambling is not registered.

    Issue solved as to why it's taxable 
    But if you use cryptocurrency to make bets and receive winnings from bookmakers, while the cryptocurrency movements are taxable, the betting wins are not.
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