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

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Racing Victoria mentioned it was yet to approve any wagering operator to offer bitcoin betting. The Australian man, primarily based in south-east Asia, does nevertheless consider 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 just isn’t allowed on Australian sites, but that doesn’t imply Australian sports aren’t attracting curiosity on the worldwide cryptocurrency betting market. There are additionally questions over how efficient match-fixing legislation will be in opposition to such exercise being carried out through the bitcoin betting market.

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