Betfair US Launches U.S.’s first exchange betting

Tuesday May 10,2016 : BETFAIR TO TAKE EXCHANGE BETTING IN NEW JERSEY LIVE TODAY

Full launch follows period of Beta testing.

Betfair US is scheduled to take the U.S.’s first exchange betting offer out of beta testing and into full operation with Monmouth Park racecourse in New Jersey today (Tuesday). Check it out here

Action is expected to be limited for the first few days, says Daily Racing Form, due to a paucity of live racing signals and the narrow reach of the operation.

The launch is scheduled to coincide with Monmouth Park’s press meeting publicising the opening of the track’s meet on Saturday and is expected to include Charles Town and Mountaineer racetracks in West Virginia, Woodbine in Canada, Emerald Downs in Washington, Louisiana Downs in Louisiana and Monmouth Park in New Jersey within its first few weeks of operation.

According to Racing Form Daily, 24 players participated during the beta testing of the exchange which led to “several enhancements”.

Residents of New Jersey will be able to sign up to use the exchange and are required to be physically in the State while doing so which Betfair will ensure through the use of geolocation technology.