4AA

Term used: betting exchange

Current

In this Act —

betting exchange means a facility, electronic or otherwise, that enables persons —

(a)

to place or accept, through the operator of the betting exchange, bets with other persons; or

(b)

to place with the operator of the betting exchange bets that, on acceptance, are matched with opposing bets placed with and accepted by the operator,

but does not include a facility, electronic or otherwise, that enables persons to place bets only with a bookmaker or a totalisator.

[Section 4AA inserted: No. 70 of 2006 s. 6.]

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