The racing industry has made their point clear. They want betfair out.
In the end unless their is an exchange running here I think most exchange participants will move offshore and trade the UK markets.

The tab's will not operate an exchange. They would have to bear the same costs which betfair is now facing. Not to mention the liquidity would be a lot less then that currently on betfair (look at betdaq for example).

In the end the educated punter loses out unless we move our money off shore into the UK market.

That revenue which would have gone to the racing industry in NSW and VIC is now lost.

Hopefully other states do not also adopt this stupid policy.

Its funny how the politics between different people in any business are usually to the deteriment of the business. In this case the politics are internal in the NSW and VIC racing industries and is a childish play to exact revenge on betfair. Its a "I'll show you" decision and unfortunately the punters are the ones who suffer as usual.