My initial thought is that this is good for Betfair. What we have here is a platform that potentially makes Betfair look like a cooperating fully paid up member of the establishment (which I am sure they will argue that they are). The reason it is good is that governments have a new and strong reason to stop leaning on the betting industry and the same can be said for the horse racing industry V bookmakers. They know that a real non tax paying no levy paying alternative is breathing down their necks so hopefully you can stop worrying about Betfair putting their commissions up to pay extra tax and levy. You might even see a regression of the scandalous Premium tax.

As for Betfair v bitcoin well do you really think that Betfair would not go Blockchain if they have to ?. Also will punters really embrace Bitcoing anonymous betting given that the average forum member on here still cannot get it through their thick skulls that they have a more prosperous future betting on here than they do with bookmakers

Although this was when discussing illegal Asian exchanges!!!

By the number of people on this thread I would say this is real competition to Betfair at long last.