International Authority Targets Unauthorized Wagering

UNITED STATES – As reported by the Bloodhorse: "The International Federation of Horseracing Authorities has adopted policies that target unauthorized wagering on races.

"During the organization's annual meeting Oct. 4 in Paris, 50 organizations agreed on the basic principles concerning cross-border betting services. The measures will be the foundation of an action plan, according to a release from the IFHA.

"The group agreed no one should be permitted to offer wagering on races without having the permission of the jurisdiction that stages the events or the rights-holder of racing data and pictures. It also said no one should offer wagering to citizens of countries in which it is forbidden.

"…Larry Wong, chief executive of the Hong Kong Jockey Club and president of the Asian Racing Federation, said companies that want to offer betting services to citizens of countries where they do not have a license must be stopped…"