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Betfair to Work with Authorities

13 June 2003

UNITED KINGDOM – As reported by the Netimperative: “Betfair, the world's biggest betting exchange, has amended its terms and conditions to allow sports' governing bodies to investigate any suspicious wagers.

“It has signed a Memorandum of Understanding with The UK Jockey club to allow it to reveal the identies of anyone involved in a serious breach of the rules of racing, where there is `very strong evidence’.

“…Betfair director of communications Mark Davies said: `Initiatives like this will help fight corruption in all sport, and ensure that results are not distorted by corrupt individuals.’…”

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