
Account-wagering companies in California may be facing tough times ahead if they don’t agree on a deal.
According to reports, the California Horse Racing Board (CHRB) warned these companies to come up with the deal on allowing bettors from different parts of U.S. to wager on state-sponsored races.
There has been an ongoing issue whether to allow bettors outside California to take part in state-sponsored races or not. Local horsemen groups and account-wagering companies have been battling this year-long dispute. This already resulted to signal blackouts on companies’ platforms. The companies involved in the dispute are Youbet, XpressBet, Television Games Network and Twinspires.
The licenses can expire by the end of this year.
CHRB Chairman Richard Shapiro said on Wednesday that the board is already “fed up” with the problems caused by the dispute. Despite these problems, he stressed that the board is not blaming either parties. They just need a resolution on the problem since a lot are affected with the dispute.
Horse racing groups and account-wagering companies are scheduled to meet this week to discuss possible solutions. If a favorable decision will be met, then there’s a big possibility that the licenses won’t be revoked by the end of this year.


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