Sorry for the misleading title...but the only update I can provide on New Jersey exchange wagering at this point is that there is no update. There's been a surprising lack of coverage in the media and presumably Betfair is comfortable simply making sure that things are working fine and getting feedback on the experience from those who are placing bets on the exchange.
One item worth noting is that while low volume or lack of liquidity would normally be a problem for a new exchange site with few local users aware of its availability, that's not the case for Betfair because they are able to pool liquidity between New Jersey and users in the UK.
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