William Hill still wants exchange betting banned
By Linda
William Hill is still making efforts to have exchange betting banned on the grounds that it is illegal, the company confirmed yesterday.

This has been met with fierce resistance from Betfair, the fast-growing peer-to-peer site.

The traditional bookmakers want the government to crack down on exchange betting sites, as they believe laying bets (offering odds to other punters) contravenes a law passed in the early-1960's.

Betfair, which holds a bookmakers licence, said it will firmly contest any efforts to force it - and its competitors - out of business, and would in any case move offshore if the government sides with the high street bookmakers.

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