Cloudbet.com brings cryptocurrency to horse racing betting

Online cryptocurrency betting platform Cloudbet.com announced that it used the Melbourne Cup extravaganza in Australia today to launch the world's first bitcoin-enabled horse racing betting book.

In an official press release issued Monday by European Gaming Media and Events, the mobile-focused company said it is now offering its fans the ability to bet on some of the most prestigious horse races on the planet using bitcoin and twelve other cryptocurrencies. The domain said it decided to launch the newest service ahead of the 2021 Melbourne Cup after previously premiering betting markets for cyber sports and political events, as well as a social betting exchange for race participants in 17 languages, including English, Dutch and Spanish.

Desirable Character:

According to topcasinoer.net it was reported that founded in 2013, Cloudbet.com said it uses blockchain technology to give sports betting fans financial freedom and privacy like never before, and so far has processed millions of bets while "earning a reputation as the most trusted and secure name in the crypto gambling space." In addition, the company stated that it is now "the only crypto betting platform" that can offer betting on "traditional Kings sports," along with in-play markets covering "major sports leagues around the world."

Read a statement from Cloudbet.com...

"The Melbourne Cup is not only one of the most famous horse races in the world, but a race that transcends sport and becomes part of popular culture in Australia and abroad. These races may stop the nation, but that won't stop us from giving racing fans the advantage of cryptocurrencies: better margins, lower transaction costs and faster withdrawals."

Darling's Disappointment:

Held today at the historic Flemington racetrack in southern Victoria, the 2021 Melbourne Cup was raced by 24 horses who raced on a nearly two-mile oval. In the end, Verry Elligant, led by New Zealander James MacDonald, beat early favorite Insentiviz to win the event and the $3.28 million cash prize. English stallion Spanish Mission finished third, while last year's champion, eight-year-old Irish stallion Twilight Payment, was unable to repeat his success, finishing only a modest eleventh place.

Cloudbet.com said in a statement.

"Last year's Melbourne Cup winner was outsider Twilight Payment, whose win at the end of the race was unsuccessful for all race participants. This year the horse was third in consecutive odds to win, but the markets have made local hero Incentivise the unqualified favorite as he has taken Australian racing by storm over the past few months, including winning the prestigious Caulfield Cup."