The first "Global Bet" will be offered June 10 when wagering outlets in nine countries take trifecta bets on the Prix de Diane Hermes (Fr-I), the French Oaks, from Chantilly racecourse in France.
Some of the most prominent online betting companies have decided to apply the Racing Trust Mark to support authorized betting and rule-based trade in the horseracing product.
The International Federation of Horseracing Authorities has updated its Web site to include results of the world's biggest races and other related information for group I, II, and III races.
Betting exchanges were a hot topic at the 30th Asian Racing Conference Tuesday as representatives from Australia and the United Kingdom went head to head on the issue of online betting sites and their impact on the future of horseracing.
Chris Schef, executive vice president of Thoroughbred Racing Associations, said the U.S. racing industry can't afford to allow Internet betting exchanges to continue to infringe illegally, and suggested the industry form its own exchange to monopolize the U.S. market.
The International Federation of Horse Racing Authorities has created an executive director position to oversee the design and implementation of a plan to curtail illegal wagering around the world.
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