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California exchange betting delayed by one year

6th June 2012 9:33 am GMT

Betfair's hopes of launching its betting exchange product in the U.S state of California this year have been dashed after the Thoroughbred Owners of California (TOC) agreed to delay implementation of regulations for one year.

At a board meeting held Friday, the TOC tabled a vote on exchange betting in California for one year.

“The concept of exchange wagering has been a polarizing issue among the stakeholders in California racing, and this action [...]

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