An Australian bitcoin betting website is under investigation for misrepresenting location and that they are likely in violation of the Australian Law. Hilarious right? Exactly what i thought.
Australian authorities have declared that Justbet, a Bitcoin-based sports betting website, is currently the subject of an investigation. The website represented itself as Australian by registering its domain in an Australian Island territory, however, Justbet’s IP address can be traced to Costa Rica.
The Justbet website is registered by the Christmas Island Domain Administration (CIDA). CIDA claims to be a community-owned non-profit company that provides internet services to the citizens of Christmas Island – an Australian external territory.
By using a ‘.cx’ address, Justbet is able to give the impression that it is subject to Australian regulation. The website, however, was registered by a Panamanian, and IP address trace indicates that the company is based in San Jose, Costa Rica. The company does not appear to be sanctioned by any of Australia’s gambling commissions.
The investigation into Justbet has been prompted by calls from Andrew Wilkie, a Tasmanian minister. Following Mr. Wilkie reporting Justbet to the Sports Integrity Initiative, the Australian Communications and Media Authority (ACMA) revealed that it had launched an investigation into the company regarding potential breaches of Australia’s Interactive Gambling Act.
Sounds like trouble for the Bitcoin betting site, what do you guys think?
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