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Feature: Why everyone hates betting exchanges

12th December 2011 8:49 am GMT

Betting exchanges changed the industry forever. But 11 years on, market-leader Betfair is fighting battles on all fronts. CFO Stephen Morana dons the gloves.

“Are you allowed to stand outside the local off-licence selling duty-free cigarettes and beer? When you need an extra few quid, can you drive up to the taxi rank at Victoria Station and pick up people in an unlicensed car? No! Well, why should anyone be allowed to lay bets in [...]

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