SOURCE: Click here to read the full original post

· March 11, 2018 · 10:00 pm

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

JustBet’s website looks as if it’s registered by the Christmas Island Domain Administration (CIDA), as seemingly evidenced by their URL, which ends in .cx. However, according to Australia’s 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 country’s 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. 

SourceBitcoinist.net - click here to read the rest of this article