White dwarfs are often found in binary systems with orbital periods ranging from tens of minutes to hours in which they can accrete gas from their companion stars. In about 15% of these binaries, the magnetic field of the white dwarf is strong enough (≥ 10 6 Gauss) to channel the accreted matter along field lines onto the magnetic poles 1,2 . The remaining systems are referred to as "non-magnetic", since to date there has been no evidence that they have a dynamically significant magnetic field. Here we report an analysis of archival optical observations of the "non-magnetic" accreting white dwarf in the binary system MV Lyrae (hereafter MV Lyr), whose lightcurve displayed quasi-periodic bursts of ≈ 30 minutes duration every ≈ 2 hours. The observations indicate the presence of an unstable magneticallyregulated accretion mode, revealing the existence of magnetically gated accretion 3−5 , where disk material builds up around the magnetospheric boundary (at the co-rotation radius) and then accretes onto the white dwarf, producing bursts powered by the release of gravitational potential energy. We infer a surface magnetic field strength for the white dwarf in MV Lyr between 2 × 10 4 ≤ B ≤ 10 5 Gauss, too low to be detectable by other current methods. Our discovery provides a new way of studying the strength and evolution of magnetic fields in accreting white dwarfs and extends the connections between accretion onto white dwarfs, young stellar objects and neutron stars, for which similar magnetically gated accretion cysles have been identified 6−9 .MV Lyr spends most of its time in an optically bright (m V ≈ 12) luminosity state. Occasionally and sporadically (typically about once every few years) it drops by more than a factor 250 in brightness for short durations (weeks to months), sometimes fading to m V ≈ 18 (Fig 1a). Other accreting white dwarfs show similar optical brightness variations, and fall under the class of so-called nova-like variables 10−13 . The physical mechanism for these sudden drops in brightness is not well established 14−16 . As the luminosity of these systems is dominated by the release of gravitational potential energy of the gas in the disk, it is clear that the brightness variations are a direct consequence of changes in the mass-transfer rate through the accretion disk in these systems: during the bright phases ("high states"), the mass-transfer rate can be as high as 10 −8 M /yr, whilst during the faint phases ("low states"), the mass transfer rate can drop as low as 10 −11 M /yr (refs 12, 13).MV Lyr was continuously monitored during the original Kepler mission in short cadence mode (58.8 seconds) for nearly 4 years, displaying both high and low states during this interval (Fig 1a). Although its orbital period has been determined to be 3.19 hours via phase-resolved spectroscopy 18 , the Kepler lightcurve does not display any coherent periodicity during the full observation, possibly due to the very low system inclination 18,19 (i = 10 o ± 3 o ). Instead the Kepler data displays all the ...