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California approves provisional betting exchange licences

19th November 2012 9:38 am GMT

The California Horse Racing Board has taken a step towards the possible introduction of betting exchanges in California by unanimously approving twenty-five rules for the regulation of the product, while also approving provisional licences for both Betfair and Churchill Downs.

At a meeting last week at Hollywood Park, the state racing board unanimously approving twenty-five rules for the regulation of betting exchanges, including rules covering license applications, operating plans, monitoring systems, and [...]

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