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

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

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

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Racing Victoria said it was but to approve any wagering operator to offer bitcoin betting. The Australian man, based mostly in south-east Asia, does however believe bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets placed on unregulated offshore betting websites are already difficult for Australian authorities to monitor. Gambling with bitcoins isn’t allowed on Australian sites, but that doesn’t mean Australian sports activities aren’t attracting curiosity on the worldwide cryptocurrency betting market. There are also questions over how efficient match-fixing laws shall be against such activity being carried out through the bitcoin betting market.

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