I was kinda surprised when I read the news from Financial Times that the cross-section of the UK's MPs that seems to see it as needless to regulate cryptocurrency suggested that it should be viewed as "a form of gambling" and be regulated as such.
Without relying on my own understanding of "gambling," I quickly used the help of the Oxford Dictionary through Google, and it states;
1. Play games of chance for money; bet.
2. Take risky action in the hope of a desired result.
The second one seems to fit crypto best, so it's clear they know what they are saying.
Now, do you agree that crypto should be seen as a form of gambling? And if this eventually comes through, what should we expect as the constraints it might still bring to the crypto space?
That's very much non-sense, moreover this statement came out from a government official. Some people might say that they bet on a crypto, but it doesn't necessarily mean that is gambling. The outcome of your crypto 'bet' is defined by market, it's different when you wager your money on a casino when the outcome will be determined mostly by luck.