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Betting Exchanges New UK Rules

23 Apr 2004

UNITED KINGDOM – As reported by the UK This is Money: "…Betfair, Betdaq and Sporting Options have written to John Greenway, who chairs the Commons committee overseeing the draft Gambling Bill, attacking its suggestion some exchange punters 'be identified, regulated, made subject to the appropriate levy arrangements and have their status checked'.

"The exchanges, thrust into the limelight over recent allegations of users profiting from race-fixing, said they already have information-sharing agreements with sports regulators and can identify punters who abuse the system.

"They accuse rivals of attempting to stifle competition…"

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