Bitcoin Sports Betting Site JustBet Under Investigation by Australian Authorities

The Australian Communications and Media Authority (ACMA) is investigating JustBet for claiming to be registered in an Australian-owned territory, while actually being based in Costa Rica.

The popularity of online gambling continues to grow, as does the interest in cryptocurrencies, especially Bitcoin. JustBet, a sports gambling platform allegedly registered in Australia, seems to be capitalizing on this by allowing its users to bet in Bitcoin.

Members of the platform can place pre-match and live bets on a variety of sports, including fixtures in the Australian Football League (AFL), AFLX and A-League. The site also has online casino games. In addition to Bitcoin, users can also pay in US dollars.

Trouble Down Under

JustBets website looks as if its registered by the Christmas Island Domain Administration (CIDA), as seemingly evidenced by their URL, which ends in .cx. However, according to Australias ABC News, its IP address shows that it is actually based in San Jose in Costa Rica. In fact, the platform does not seem to be licensed by any Australian gambling commission at all.

Because of this, it is in direct violation of the countrys Interactive Gambling Act. Despite this though, the CIDA has claimed that its hands are tied until authorities lodge a request or a member of the public lays a complaint. Until then, they cannot de-register the site. Tasmanian independent MP, Andrew Wilkie, was not happy with this response. He said:

The site should be shut down immediately, and the Christmas Island Domain Administration should act straight away to remedy the situation.

JustBet Faces Legal Action

Wilkie, who is also a supporter of gambling reform, went on to report the platforms actions to the Sports Integrity Initiative website. This resulted in the Australian Communications and Media Authority (ACMA) launching an investigation into JustBet for breaching the countrys Interactive Gambling Act.

This bit of legislation bans a range of online gambling options in the country. In addition, a spokesperson for ACMA has said that the act also bans unlicensed regulated interactive gambling services, such as online wagering services provided without a license issued by an Australian State or Territory.

The spokesperson went on to add:

The ACMA has published a register of interactive wagering service providers that are licensed by an Australian state or territory. Interactive wagering services that are not included on this register are likely to be provided to Australian customers illegally.

Do you think that online gambling regulations should apply to platforms that use cryptocurrencies? Let us know in the comments below.

Images courtesy of Shutterstock

11.03.2018 / 19:29 407
Bitcoin Sports Betting Site Under Investigation in Australia Bitcoin Sports Betting Site Under
Australian authorities have announced that Bitcoin-based sports betting website, Justbet, is currently the subject of an investigation. The website
NSFW? Australian Police Probe Government Staffers Over Crypto Mining NSFW? Australian Police Probe
Police are reportedly investigating whether two employees of Australia's official weather reporting agency used official resources to mine
Zeroedge to Offer 0% Commission on E-Sports Betting Zeroedge to Offer 0% Commission on
Online sports betting has been growing in popularity over the past few years and is now the leading form of online gambling in the world. An
1,200 Australian Newsstands are Now Selling Bitcoin and Ethereum 1,200 Australian Newsstands are Now
Cryptocurrency adopters in Australia will now be able to purchase bitcoin and ethereum from 1,200 newsstands across the country. Thanks to a new
Australias Tax Office Targets Bitcoin Investors Australias Tax Office Targets Bitcoin
The ATO (Australian Tax Office) is tightening up in attempts to close loopholes in investments in cryptocurrencies like bitcoin. Cryptocurrency will
Australians Can Now Purchase BTC, ETH Across 1,200 Newsstands In Win For Adoption Australians Can Now Purchase BTC, ETH
Australian crypto exchange has facilitated BTC, ETH purchasing across more than 1,200 newsstands in the country. Australian
Comments (0)
Add a comment
Comment on