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NEW JERSEY ISSUES AMERICA’S FIRST EXCHANGE WAGERING LICENSE
NOVEMBER 21, 2015
New Jersey has become the first US state to issue an exchange wagering license, ending a long and often frustrating journey for the US division of UK-listed betting exchange Betfair
On Wednesday, the New Jersey Racing Commission held its latest executive session, at which it formally approved an application by the New Jersey Sports & Exposition Authority (NJSEA) for the issuance of a exchange services agent license to Betfair US and an exchange management agent license to Darby Development.
Chris Christie , and the state of New Jersey, have been pushing for legislation in the Garden State for legalization of sports betting , and this is a step in the right direction .
Currently, Nevada is the only state in which sports betting is legal.
Legalized sports betting is eminent in the U.S. , its only a matter of how long.
Congratulations to the Betfair group !
Jim Sneeringer ~
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