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HBLB: No levy for betting exchange customers

10th June 2011 9:09 am GMT

Online betting exchange Betfair has hit out at Britain’s Horserace Betting Levy Board (HBLB) for wasting more than £2m on its consultation into whether certain users of betting exchanges should be liable to make Levy contributions, after the HBLB concluded that it will not seek to impose the levy based on legal advice.

In announcing the consultation process last July, the HBLB said that betting exchanges were not in existence or even envisaged when the main [...]

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