Exchange Wagering Approved by CHRB

California Nov. 15 moved a step closer toward becoming the first United States racing jurisdiction to offer exchange wagering.

The California Horse Racing Board unanimously approved the betting platform that allows individual players to buy and sell, "back" or "lay" wagers. CHRB staff members suggested they would not anticipate exchange wagering to be available for California residents until the second half of 2013.

In 2010 California lawmakers allowed for such wagers, and in August 2011 the CHRB published notice of its intent to promulgate exchange wagering rules. On Nov. 15 the board approved rules that would allow exchange wagers by state residents on California horse races.

Rules also could allow out-of-state residents, who live in states where it is determined to be legal, to wager on California races.

Read More

Classic runners: Who’s retired and which stars will return?
In the 10 days since the Breeders’ Cup Classic, word has filtered out about which runners will return...
Beckman sees a 'big year' for Regaled after BC Distaff effort
If Whit Beckman was disappointed with Regaled 's third-place finish in the Breeders' Cup Distaff, you wouldn't know...
Speed figures: These are last week's fastest stakes winners
Touchuponastar earned a 138 Horse Racing Nation speed figure for his 10-length win in Saturday's Delta Mile at...
Concrete Glory goes for repeat in Claiming Crown Express
Even though the 6-year-old gelding Concrete Glory has competed in graded stakes and most recently won a top-level...
Tuesday works: Ozara leads graded winners on tab
Ozara breezed four furlongs in 51.4 at Belmont Park on Tuesday. It was the 22nd fastest of 25...