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
- Texas Tracks Prepare for Sept. 1 Shutdown
- American Pharoah to Parade at Del Mar
- Espinoza Fined for Wearing Promo Material
- Woodward Stakes Field Could Prove Intriguing
- The Day After: No Regrets From Team 'Pharoah'
- Keen Ice Springs Travers Upset on 'Pharoah'
- Zivo Returns Against NY-Breds at Spa
- Keen Ice Tired After Travers, 'Classic' Ahead
- Cuomo Authorizes Further 1% Share to NYTHA
- CTT Pledges Funds for Barn Surveillance