Need For Regulation Of Exchange Wagering

Claire Novack wrote a really good article discussing the need for regulation of exchange wagering in the U.S. Essentially, because you can bet on a horse losing a race with exchange wagering, it creates another opportunity for those involved in racing to cheat. The article also gets into some discussion about the very valid concerns about those currently invested in parimutuel betting that some of exchange wagering's growth in the U.S. will come at the expense of their business: http://www.bloodhorse.com/horse-racing/articles/62115/rci-exchange-wagering-takes-center-stage.