Melbourne Cup Punters Are Betting With Bitcoin, And There’s Nothing Anyone Can Do About It
Melbourne Cup Punters Are Betting With Bitcoin, And There’s Nothing Anyone Can Do About It
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- Essentially, users can browse through a list of profitable bettors on the platform and select to…
- But one punter who makes a residing from betting on the bitcoin markets disagrees that solely these with nefarious intentions gamble this way.
- If you are an avid sports activities bettor, you should have come across the term “Mirror Betting” earlier than.
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- And it’s this type of betting that is worrying those charged with preserving sport free of match-fixing.
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Racing Victoria said it was yet to approve any wagering operator to supply bitcoin betting. The Australian man, based mostly in south-east Asia, does nonetheless imagine bitcoin and betting websites are a match made in heaven for fixers. Suspicious bets positioned on unregulated offshore betting sites are already tough for Australian authorities to monitor. Gambling with bitcoins just isn’t allowed on Australian sites, but that doesn’t mean Australian sports activities aren’t attracting interest on the international cryptocurrency betting market. There are additionally questions over how efficient match-fixing legislation will be against such exercise being carried out via the bitcoin betting market.
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The time period “mirror betting” comes from the reality that customers can mirror the bets of other bettors on the platform. Essentially, users can browse through a listing of profitable bettors on the platform and choose to…
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