QLDIn ForceAct
Racing Act 2002
sec.132Meaning of betting exchange
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### sec.132 Meaning of betting exchange
Betting exchange means a facility that enables persons—
to place or accept, through the operator of the facility, wagers with other persons; or
to place with the operator of the facility wagers that, on acceptance, are matched with opposing wagers placed with and accepted by the operator.
However, betting exchange does not include a facility that enables persons to place wagers only with a person who conducts bookmaking or a totalisator.
s 132 prev s 132 om 2016 No. 12 s 363
pres s 132 (prev s 113B) ins 2008 No. 75 s 90
renum 2012 No. 42 s 45
(sec.132-ssec.1) Betting exchange means a facility that enables persons— to place or accept, through the operator of the facility, wagers with other persons; or to place with the operator of the facility wagers that, on acceptance, are matched with opposing wagers placed with and accepted by the operator.
(sec.132-ssec.2) However, betting exchange does not include a facility that enables persons to place wagers only with a person who conducts bookmaking or a totalisator.
- (a) to place or accept, through the operator of the facility, wagers with other persons; or
- (b) to place with the operator of the facility wagers that, on acceptance, are matched with opposing wagers placed with and accepted by the operator.