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California moves closer to legalising betting exchange

1st September 2010 11:24 am GMT

California has moved closer to becoming the first U.S state to legalise a Betfair-style betting exchange for horse racing after an amended bill by Senator Ron Calderon passed the state assembly and moved to the senate floor – although implementation of the bill is to be delayed until at least May 1st 2012.

The bill would authorise exchange betting - defined by the bill as a form of pari-mutuel betting in which two or more customers [...]

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