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
- Chrome to Go for the Green in Hollywood Derby
- Secret Circle, Itsmyluckyday in Cigar Mile
- Blueskiesnrainbows Among 7 for Native Diver
- Churchill Proposes Derby Bet on Winning Sire
- Cary Street Leads 11 in Hawthorne Gold Cup
- Derby Winners Have Enjoyed Turf Success
- Lord Nelson Could Rule Kentucky Jockey Club
- Speedy Cassatt Dusts Rivals in Zia Park Oaks
- Maryland Jockey Club Focus on Daily Product
- Romans Likes Added Distance for Remsen Pair