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Australians wishing to place bets previously had to travel long distances and spend much time and effort visiting racetracks or bookmakers' shops in order to make bets. Due to this inconvenient process, illegal bookies began popping up in bars and other venues with more favorable pricing due to not paying taxes for official bookies located at races; eventually this gave rise to off-course betting - eventually making racing more accessible than ever. Cost Kayo Sport, NFTs are fostering a sense of community and social interaction within online betting platforms. Users can showcase their NFT collections, engage in NFT-based betting challenges, and participate in social events tied to these digital assets. NFTs are becoming a catalyst for social bonding among users.

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