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New Jersey moves forward with betting exchange plans

1st July 2010 9:33 am GMT

As the New Jersey Gaming, Sports and Entertainment Advisory Commission prepares to report back to Governor Chris Christie on how best to maximise the state's horse-racing and casino industries, the state's assembly has this week unanimously passed a bill that would authorise a Betfair-style betting exchange for state residents on horse racing.

Approved by a vote of 78 - 0 earlier this week, the bill (A2926) authorises exchange betting on the results of horse races by [...]

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