Jimmy Deenihan (Kerry North, Fine Gael)
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Question 178: To ask the Tánaiste and Minister for Finance if he intends introducing legislation dealing with the issues of betting exchanges here; and if he will make a statement on the matter. [25436/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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Under current betting legislation, betting exchanges are not deemed bookmakers. They differ from bookmakers in that they facilitate the matching of bets between outside parties unlike a bookmaker who takes the bet and the associated risk involved. Bets entered into or accepted through an exchange are not liable to betting duty.