Regulators in 13 racing states announced Aug. 4 they will begin the lengthy process of requiring offshore wagering entities and secondary pari-mutuel operations -- commonly referred to as SPMOs -- to obtain certification from the Association of Racing Commissioners International before they receive approval to wager into pools.
A two-hour discussion on account wagering and secondary pari-mutuel operations July 14 again revealed horsemen have knowledge of situations that suck revenue from purse accounts, but no definitive national strategy to recoup the money.
The Association of Racing Commissioners International is circulating a draft overhaul of model rules governing wagering that would require, among other things, validation of all wagers by the host racetrack and transparency of all wagering activity to regulators.
Most Popular Stories
- Delaware Park Cancels July 28 Racing Program
- Bayern Wires Haskell; Favored Untapable 5th
- Milestone Victory for Jockey Centeno
- Big Macher Collects Grade I Bing Crosby Win
- Tonalist, Kid Cruz Exit Jim Dandy Well
- Del Mar Shifting Turf Races After Breakdowns
- Antipathy Convincing Winner in Muddy Shuvee
- Wicked Strong Gets Redemption in Jim Dandy
- Valid Breaks Through With Monmouth Cup Win
- Starstruck Back to Winning Ways in Matchmaker