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Australia’s Northern Territory legalises exchange betting

31st May 2016 9:15 am GMT

Australia’s Northern Territory has passed legislation to regulate exchange betting and moved to formalise agreements between betting operators and the state’s horse and greyhound racing organisers through the introduction of a racing product fee.

The federal territory said the legislation passed last week would reinforce its position as the “premier jurisdiction" for online wagering and create new jobs for the state.

The new legislation amends existing laws to allow companies to offer exchange betting products in the [...]

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