13 december 2023 AXTO

Melbourne Cup Punters Are Betting With Bitcoin, And There Is 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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The term “mirror betting” comes from the fact that users can mirror the bets of other bettors on the platform. Essentially, users can browse through an inventory of profitable bettors on the platform and choose to…

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Racing Victoria stated it was yet to approve any wagering operator to supply bitcoin betting. The Australian man, based mostly in south-east Asia, does nonetheless believe bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets placed on unregulated offshore betting sites are already troublesome for Australian authorities to observe. Gambling with bitcoins is not allowed on Australian sites, but that doesn’t mean Australian sports activities aren’t attracting curiosity on the international cryptocurrency betting market. There are additionally questions over how efficient match-fixing legislation might be against such activity being carried out via the bitcoin betting market.

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