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

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

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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 nonetheless believe bitcoin and betting sites are a match made in heaven for fixers. Suspicious bets positioned on unregulated offshore betting sites are already difficult for Australian authorities to observe. Gambling with bitcoins isn’t allowed on Australian websites, but that does not imply Australian sports activities aren’t attracting interest on the international cryptocurrency betting market. There are additionally questions over how effective match-fixing legislation will be in opposition to such exercise being carried out by way of the bitcoin betting market.

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