|British online betting exchange, Betfair, says it wants to be involved in any changes to the way in which starting prices are derived, should an independent review of the current system suggest that changes must be made.|
A full audit of the current SP process is now underway and leader of the Starting Price Regulatory Committee (SPRC), Lord Donoughue is hoping that their findings and proposals should be in place by the start of the summer.
Betfair currently operates by allowing gamblers to match bets with each other. As a result of the service’s popularity, Betfair feel that their system would be a reliable contributor towards the derivation of starting prices.
Betfair hope to meet with SPRC at the earliest opportunity and discuss how their services could benefit any new pricing system.