Transparency to consumers for horse-race pool betting at the end of the exclusive licence
In order to maintain transparency to on-course horse-race pool betting customers, the Gambling Commission has commenced a little-publicised consultation (that runs until 11 May 2018) on a proposal to extend an existing LCCP requirement, that currently applies only to pool betting on dog races, so that it also applies to horse-race pool betting when the exclusive horse-race pool betting licence ends on 12 July 2018.
A summary of the consultation can be downloaded below and those wishing to respond can do by means of an online response form accessible here.
By way of background information, horse-race pool betting on racecourses is presently offered via an exclusive licence (currently held by the Tote (Successor Company) Limited). On 12 July 2018, the exclusive licence for horse-race pool betting at approved racecourses will expire, and from 13 July 2018 horse-race pool betting will be open to the market.
UPDATE: You can read here about the outcome of the consultation, the Commission having determined to implement (with effect from 13 July 2018) the extension of existing requirements from pool betting on dog races to other forms of pool betting, including horse-race pool betting.