Melbourne Cup Punters Are Betting With Bitcoin, And There’s Nothing Anyone 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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Racing Victoria mentioned it was yet to approve any wagering operator to offer bitcoin betting. The Australian man, based in south-east Asia, does nevertheless believe bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets positioned on unregulated offshore betting websites are already difficult for Australian authorities to watch. Gambling with bitcoins is not allowed on Australian websites, but that does not mean Australian sports activities aren’t attracting curiosity on the international cryptocurrency betting market. There are additionally questions over how efficient match-fixing laws will be in opposition to such exercise being carried out through the bitcoin betting market.

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

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