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

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Racing Victoria said it was but to approve any wagering operator to supply bitcoin betting. The Australian man, primarily based in south-east Asia, does nevertheless believe bitcoin and betting sites are a match made in heaven for fixers. Suspicious bets placed on unregulated offshore betting websites are already troublesome for Australian authorities to monitor. Gambling with bitcoins is not allowed on Australian websites, however that does not imply Australian sports activities aren’t attracting interest on the worldwide cryptocurrency betting market. There are also questions over how effective match-fixing laws will be in opposition to such activity being carried out via the bitcoin betting market.

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The numbers are chosen before the draw and this is deception and fraud.

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The term “mirror betting” comes from the truth that users can mirror the bets of other bettors on the platform. Essentially, customers can flick through an inventory of profitable bettors on the platform and select to…