The online cryptocurrency betting platform at Cloudbet.com has announced that it used the Melbourne Cup extravaganza in Australia earlier today to launch the world’s first Bitcoin-enabled book for horseracing action.

The mobile-friendly innovation used an official Monday press release published by European Gaming Media and Events to detail that it now offers aficionados the ability to wager on some of the planet’s most prestigious horse races using Bitcoin and twelve other cryptocurrencies. The domain stated that it decided to debut the latest service in the run-up to the 2021 edition of the Melbourne Cup following its earlier premiere of eSports and political betting markets as well as social bet sharing for punters to enjoy in 17 languages including English, Dutch and Spanish.

Coveted character:

Established in 2013, Cloudbet.com declared it embraced blockchain technology in order to give sportsbetting aficionados financial freedom and privacy like never before and has so far processed millions of bets while simultaneously ‘earning a reputation as the most trusted and secure name in the crypto-gaming space’. It furthermore proclaimed that it is now ‘the sole crypto betting platform’ that is able to offer wagering on ‘the traditional sport of kings’ alongside in-play markets covering ‘the biggest sporting 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 one that goes beyond sport into popular culture in Australia and abroad. This race might stop the nation but it won’t stop us bringing the crypto advantage of better margins, lower transaction costs and faster withdrawals to racing fans.”

Darling disappointment:

Held earlier today at southern Victoria’s historic Flemington Racecourse, the 2021 edition of the Melbourne Cup saw 24 horses race around an almost two-mile oval with Verry Elleegant topped by New Zealander James McDonald eventually beating out early favorite Incentivise to take the contest and its $3.28 million cash prize. English runner Spanish Mission finished in third spot while last year’s dominating champion, eight-year-old Irish animal Twilight Payment, failed to follow his earlier success after being able to post only a lowly eleventh-place finish.

Cloudbet.com’s statement read…

“Last year’s Melbourne Cup winner was outsider Twilight Payment, whose post-to-post victory was a bust for punters everywhere. This year, the horse was third in the odds to complete back-to-back victories but the markets made local hero Incentivise the resounding favorite as he had taken Australian racing by storm over the last few months including winning the prestigious Caulfield Cup.”