06/28/2014 11:32AM

CHRB sends cease-and-desist orders to TwinSpires, Expressbet


The California Horse Racing Board recently notified account wagering providers TwinSpires and Xpressbet that they were in violation of California laws allowing bettors to pool monies to third parties who then placed wagers on their behalf.

In a statement released Friday, the racing board said its officials sent cease-and-desist orders notifying the account wagering firms of the violation.

Known as players’ pools, funds are forwarded by individuals to a third party who later places bets. The monies are frequently used for jackpot bets such as pick five or pick six wagers.

In its statement, the racing board said players’ pools are classified as bookmaking through the California penal code and, therefore, a violation of state law.