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

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The numbers are chosen earlier than the draw and this is deception and fraud.

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The time period “mirror betting” comes from the fact that customers can mirror the bets of different bettors on the platform. Essentially, users can flick through a listing of profitable bettors on the platform and select to…

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Racing Victoria stated it was but to approve any wagering operator to supply bitcoin betting. The Australian man, primarily based in south-east Asia, does nevertheless consider bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets positioned on unregulated offshore betting websites are already tough for Australian authorities to monitor. Gambling with bitcoins is not allowed on Australian sites, however that doesn’t imply Australian sports activities aren’t attracting interest on the international cryptocurrency betting market. There are also questions over how efficient match-fixing legislation will be against such activity being carried out through the bitcoin betting market.

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