Days before Australian betting agencies were to start accepting Bitcoin and several other coins Australian gambling regulator – Northern Territory Racing Commission (NTRC) – sent out a notice to stop any such notions underway.
Neds, a gambling site posted on February 1 that they were ready to accept bets in crypto, because it was very fitting of them to do so as they consider themselves “tech guys”. The website was ready to start such service and, as the representative said, to become first in the business to accept crypto for online betting.
And nothing came out of it because just days after the announcement, NTRC sent out an email to all registered betting and gambling agencies to not accept cryptocurrencies in any way or form.
As of now informal, notice in the email reads:
“…. all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”
Right now Neds took down all the links for cryptobetting portion of their site, as far as redirecting people to the regular homepage.
The public opinion is mixed. Crypto enthusiasts are unhappy, some wanted a chance to further their gains by trying their luck in gambling. But, as usual, there is opposing camp, who are quite happy with Australian government for placing such restrictions, so there wouldn't be unnecessary temptations and risks involved in betting.