TRPB, Betfair Sign Information Agreement

The Thoroughbred Racing Protective Bureau and Betfair, a betting exchange based in Great Britain, have signed a memorandum of understanding that allows the TRPB to obtain information on betting activity.

The deal was announced March 2. It obliges Betfair to provide information when "there are reasonable grounds to suspect that the integrity of the sport may be compromised," Betfair said in a release.

The TRPB, a wholly-owned subsidiary of the Thoroughbred Racing Associations, operates as a national investigative agency. Its mandate is to expose and investigate all activity prejudicial to horse racing and to maintain public confidence in Thoroughbred and Standardbred racing.

Said Mark Davies, director of communications for Betfair: "We're once again delighted to be broadening the relationships we have with sports regulatory bodies all over the world. We're the first bookmaking operation anywhere to have interests exactly in line with the regulators, because of the precise risk management that our technology allows us to achieve. We look forward to working with TRPB, as we have with their colleagues in sports regulation in countries as far apart as England and Australia."

"TRPB is pleased that Betfair has made this new investigative resource available to us," TRPB president Paul Berube said. "Experience has taught that all betting activity is important no matter where and how it takes place."