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Italy to authorise exchange betting and virtual games

17th January 2012 10:17 am GMT

Betfair’s long wait to offer peer-to-peer betting under an Italian licence is almost over following Italy’s notification of betting exchange legislation to the European Commission, together with legislation governing virtual games.

The two pieces of legislation were notified to the EC Tuesday and are subject to a three month standstill period ending April 17th 2012.

Italy’s gaming regulator had suggested in early December that the country may allow a greater range of betting products in order to [...]

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