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Monday 22nd March 2004
Betdaq, the UK betting exchange, is almost ready to sign an agreement on information sharing with the Jockey Club, UK horse racing’s governing body.
Betting exchanges have faced fresh criticism recently in the wake of allegations of fixed horse races. Betfair and Sporting Options, Betdaq's main rivals, already have agreements with the Jockey Club, whereby they allow the Club access to punters' betting records in cases of suspected fraud.
Until now, Betdaq has always refused to do this, citing privacy issues for its punters. Now, however, Betdaq managing director Rob Hartnett says the two sides are close to agreement.
Hartnett declined to divulge details of the agreement with the Jockey Club, but said that his concerns were being addressed.
'We're in the final stages of discussions. It's a different version which is better for all parties,' he said. 'We'd only be comfortable if there was a balance between catching the guilty and protecting the innocent.'
The UK’s proposed Gambling Bill is being examined by a parliamentary committee which will publish its report on 8 April. Betfair wrote to John Greenway, the chairman of the Committee, last week to rebut what the company says is misinformation about Betting exchanges.
'The recent controversies are important issues for racing, but are being deflected onto betting exchanges because it suits the commercially-motivated agenda of some to do so,' Betfair’s wrote.
Betdaq’s Hartnett was optimistic the recent furore over exchanges wouldn't influence the report.
'I'm perfectly comfortable that the Committee will come to the right answers on this,' he said.
Source: OnlineCasinoNews
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