BUSINESS

New Jersey hatches betting exchange plan

TAGs: betting exchange, horseracing, New Jersey Online Gambling

New-Jersey-betting-exchangeCalifornia may well live to rue the day it failed to push its online gambling legislation through as New Jersey is not only set to get there first, but has plans to launch a betting exchange for state residents on horseracing along the lines of Betfair. The reason Betfair is successful is because it has liquidity, and the reason it has liquidity is because it was the first to market. The early bird catches the worm, Cali. The late one just catches worms. Read more.

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