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Are Cryptocurrencies to blame for increase in illegal betting

A recent Swiss firm Sportradar report showed that while match-fixing events in the world of online sports betting were small over the last five years, there was a ripple in yet another crucial data point, apparently because of key figures in high-profile cases sent to gaol or otherwise curtailed activities.

That is, there is a growing tendency for people to use cryptocurrency as their payment method for illicit wetting activities.

The fact that betting amounts on illegal gambling tends to show upward growth is attributable to the two factors: the growing availability of cryptocurrency payment services; and the fact that cryptocurrency is possibly one of the simple forms of payment to use in large betting settings that you don’t wish to note.