Two U.S. states have recently passed legislation or regulations that widen the means and methods by which a patron can wager on sports and/or race events. Namely, Nevada has introduced business equity wagering, while New Jersey has issued its first license to Betfair for exchange wagering. Mark A. Clayton and Erica L. Okerberg of Greenberg Traurig LLP detail the respective changes in each jurisdiction and the impact.
Recently, Nevada and New Jersey passed legislation and promulgated regulations to expand the means and methods by which a patron can wager on sports and/or race events.