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IASbet\’s application for an Australian betting exchange license is live

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Mark Read, IASbet\’s managing director, said betting exchanges are seen as a growth area for IAS. “Interactive technology like that provided by the exchanges is ideally suited to sports betting,” he said.

“But we\’re in the hands of the authorities until one or all of the state governments make a decision to issue a license,” he added. IASbet is the first in line to get a license, to operate an Australian betting exchange, from Northern Territory government.