Betfair walks away from Japanese racing

Australian online bookmaker Betfair has been forced to withdraw Japanese racing from its betting exchange, after pressure from the Japanese Racing Authority (JRA). The Japanese Racing Authority had expressed their strong opposition to Betfair offering a customer a bet on a horse to lose, citing integrity risks.

The dispute with the JRA had wider ramifications for the Australian horse racing industry, with the JRA threatening to stop Japanese horses from racing in Australia, as well as restricting Australian access to Japanese races.

This is the second time in the last 12 months that Betfair has come under scrutiny from racing bodies in Asia. Betfair was forced to withdraw wagering on Hong Kong races, after the Hong Kong Jockey Club voiced their displeasure.

In a cease and desist letter, the Hong Kong Jockey Club considered “that betting exchange platforms pose unique and fundamental threats to the integrity of racing.”