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

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Racing Victoria said it was but to approve any wagering operator to offer bitcoin betting. The Australian man, based 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 websites are already difficult for Australian authorities to observe. Gambling with bitcoins isn’t allowed on Australian websites, but that doesn’t imply Australian sports activities aren’t attracting curiosity on the worldwide cryptocurrency betting market. There are also questions over how effective match-fixing legislation shall be towards such activity being carried out by way of the bitcoin betting market.

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The time period “mirror betting” comes from the truth that customers can mirror the bets of other bettors on the platform. Essentially, customers can flick thru a list of successful bettors on the platform and choose to…

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

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