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Australia does not yet regulate cryptocurrency gambling, though the government is working towards transparency. Existing rules and regulations exist that touch on cryptocurrencies - for instance the Anti-Money Laundering and Counter-Terrorism Financing Act covers this area - yet regulation remains difficult since cryptocurrency can be used anonymously making oversight more challenging. Streamotion (kayo sports & binge), Some blockchain-based betting platforms adopt community governance models, allowing users to participate in decision-making processes. Token holders or active users may have a say in protocol upgrades, rule changes, or other platform improvements. This democratized approach ensures that the community's interests are considered in the development and governance of the betting platform.
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