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

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Racing Victoria mentioned it was but to approve any wagering operator to offer bitcoin betting. The Australian man, based mostly in south-east Asia, does however imagine bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets placed on unregulated offshore betting websites are already troublesome for Australian authorities to watch. Gambling with bitcoins just 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 also questions over how effective match-fixing legislation shall be towards such exercise being carried out through the bitcoin betting market.

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