From May of 2012, exchange betting will be legalized in California by the pass of one crucial law in the last year. One of the British online groups named Betfair has taken the initiative for this new concept. The group has now positioned very strongly to grab the new business opportunities by the help of their US subsidiary as TVG. The plans for starting the exchange betting operations from May is already going on at Betfair gambling group. All these have done by the virtue of a strong technical hub having 75 efficient personnel in San Francisco.
The records of San Francisco has highlighted that in case of horse racing, online betting has been conducted legally by the help of company TVG, acquired by Betfair before few years. Stephen Burn, the chief of Betfair group in San Francisco commented, “By the virtue of betting exchange models, players can continue the betting procedure during the middle of race and until that time as long as the result is announced”.