Betfair blasts UK Gambling Bill
The draft UK Gambling bill says that some punters on betting exchanges should be "identified, regulated, made subject to the appropriate levy arrangements and their status checked". In other words, punters who lay bets may find themselves taxed as though they are bookmakers.
Obviously, the betting exchanges aren't happy, and Bet Fair fired back last Friday with a letter to voice its disapproval. Sporting Options and Bet daq also backed the letter, addressed to John Greenway, chairman of the parliamentary committee reviewing the draft UK Gambling Bill....
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