I hope a large number of our forum contributors saw this morning's episode of Racing Retro during which the isuue of Betting Exchanges was discussed in depth by a range of racing officials.
It was very informative and I learned something which I previously was not aware of. That in W.A. legislation already exists for prosecution of clients betting with such entities. Did you get that? The Exchange cannot currently be prosecuted but clients can(although no such action has as yet been taken). So, sandgropers don't be too concerned but be aware!
The issues covered were the effect on Govt revenue(ie. commercial return to the Aust authorities), Aust taxes revenues, social impact on clients and INTEGRITY-an issue not to be taken too lightly. Conspiracy, coercion and exchange rate differnces were also covered. The ARB is prepared to talk to the operators but there is a ground-swell of all-out opposition to these operators growing. The slumbering monolith has well and truly been stirred into action so be prepared for assertive action being instigated in the very near future.

Cheers.