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

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• “The AFL has agreements with Australian-based wagering suppliers to allow us to track betting choices round our sport, but we don’t have those relationships past Australia.”

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Racing Victoria mentioned it was but to approve any wagering operator to supply bitcoin betting. The Australian man, based mostly in south-east Asia, does however imagine bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets positioned on unregulated offshore betting sites are already tough for Australian authorities to monitor. Gambling with bitcoins just isn’t allowed on Australian sites, however that does not mean Australian sports activities aren’t attracting curiosity on the international cryptocurrency betting market. There are also questions over how efficient match-fixing legislation might be in opposition to such exercise being carried out by way of the bitcoin betting market.

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The term “mirror betting” comes from the reality that users can mirror the bets of other bettors on the platform. Essentially, customers can flick thru a listing of profitable bettors on the platform and select to…

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