Melbourne Cup Punters Are Betting With Bitcoin, And There Is Nothing Anyone Can Do About It

Melbourne Cup Punters Are Betting With Bitcoin, And There Is Nothing Anyone Can Do About It

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Racing Victoria stated it was yet to approve any wagering operator to offer bitcoin betting. The Australian man, primarily based in south-east Asia, does however consider bitcoin and betting sites are a match made in heaven for fixers. Suspicious bets placed on unregulated offshore betting websites are already tough for Australian authorities to watch. Gambling with bitcoins isn’t allowed on Australian websites, but that does not imply Australian sports activities aren’t attracting curiosity on the worldwide cryptocurrency betting market. There are also questions over how effective match-fixing laws might be against such exercise being carried out by way of the bitcoin betting market.

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The time period “mirror betting” comes from the truth that users can mirror the bets of different bettors on the platform. Essentially, users can browse through a list of profitable bettors on the platform and choose to…

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