Editing Betfair (section)

===Overseas business===
Betfair owns subsidiaries in the United States. The main company is [[FanDuel TV]], which is dedicated to horse racing, broadcasting live races as well as race analysis, interviews, handicapping tips and features. It was acquired in 2009 for $50m. Betfair also has a subsidiary called BetfairCasino.com which is a [[New Jersey]] licensed provider of online gaming products.<ref>{{cite web|url=http://corporate.betfair.com/media/press-releases/2013/26-11-2013.aspx|title=Betfair launches its Betfaircasino.com online gaming platform in New Jersey|publisher=Betfair|access-date=23 March 2015|archive-url=https://web.archive.org/web/20141129084727/http://corporate.betfair.com/media/press-releases/2013/26-11-2013.aspx|archive-date=29 November 2014|url-status=live}}</ref>

In February 2014, Betfair were granted two online gambling licenses by the State Gambling Commission of [[Bulgaria]].<ref>{{cite web|url=http://calvinayre.com/2014/02/26/business/betfair-awarded-bulgarian-online-gambling-license/|title=Betfair awarded Bulgarian online gaming licence|date=26 February 2014|publisher=Calvinayre|access-date=23 March 2015|archive-url=https://web.archive.org/web/20150501233738/http://calvinayre.com/2014/02/26/business/betfair-awarded-bulgarian-online-gambling-license/|archive-date=1 May 2015|url-status=live}}</ref>

On 7 April 2014, Betfair launched its betfair exchange in Italy.<ref>{{cite web|url=https://bettingexchange.net/partenza-ufficiale-betting-exchange-italia-7-aprile-2014/|title= Betting Exchange 1|publisher=Italian Betting Exchange|access-date=23 March 2015}}</ref> In May 2016, it launched a betting exchange in New Jersey, United States.<ref>{{Cite news|url=http://www.irishtimes.com/business/retail-and-services/paddy-power-betfair-to-launch-in-us-with-betting-exchange-1.2564517|title=Paddy Power Betfair to launch in US with betting exchange|newspaper=The Irish Times|access-date=14 June 2017|archive-url=https://web.archive.org/web/20160421021148/http://www.irishtimes.com/business/retail-and-services/paddy-power-betfair-to-launch-in-us-with-betting-exchange-1.2564517|archive-date=21 April 2016|url-status=live}}</ref>

In March 2018, Betfair successfully trialled an auto-cash out feature with its live betting customers in the UK and Ireland. The features allow players to lock in their chosen profit.<ref>{{cite news |title=Lock in a fast starter with Betfair's Auto Cash Out |url=https://totallygaming.com/news/betting/lock-fast-starter-betfairs-auto-cash-out |publisher=totallygaming.com |date=2 March 2018 |access-date=13 March 2018 |archive-url=https://web.archive.org/web/20180314042543/https://totallygaming.com/news/betting/lock-fast-starter-betfairs-auto-cash-out |archive-date=14 March 2018 |url-status=live }}</ref>

In December 2021, Betfair announced the launch of their online casino overseas. Although already established within the online sports betting industry, the company launched its online casino available online to consumers residing in the UK, New Jersey, Argentina, Mexico, New Zealand, Australia, Iceland, Ireland and select states in the US.<ref>{{cite journal|date=9 December 2021|url=https://www.varsity.co.uk/sponsored/betfair-popular-bookmaker-now-tries-with-online-casinos|title=Betfair–Popular Bookmaker Now Tries with Online Casinos|journal=Varsity|access-date=24 March 2022}}</ref>

====Australia====
{{see also|Betfair Pty Limited v Western Australia}}
In November 2005 the [[Government of Tasmania|Tasmanian government]] announced a deal to license [[Betfair Australia]] in the state. It was the second licence awarded to Betfair outside the [[United Kingdom]], the first being in [[Malta]] with subsequent licences following in Austria and Germany, and Tasmania now receives substantial tax revenues. However it infuriated the established monopolistic [[totalisator]]s and bookmakers (due to loss of revenue) and governments (due to loss of taxes) in the other [[Australian state]]s. A ban on the use of betting exchanges took effect in Western Australia on 29 January 2007, with Betfair successfully claiming this new law violated the [[Constitution of Australia]].<ref>{{cite web|url=http://www.virtualformguide.com/cgi-bin/tvf/displaynewsitem.pl?20070129zbetfair.txt|title=Betfair Issues High Court Challenge|publisher=virtualformguide.com|access-date=8 April 2009|archive-url=https://web.archive.org/web/20090618162127/http://www.virtualformguide.com/cgi-bin/tvf/displaynewsitem.pl?20070129zbetfair.txt|archive-date=18 June 2009|url-status=live}}</ref>

In a unanimous [[Betfair Pty Limited v Western Australia|verdict]] by the [[High Court of Australia]] on 27 March 2008, the two provisions of the legislation, purporting to ban Western Australians from using a betting exchange and prohibiting an unauthorised business from using Western Australian race lists, were declared invalid as they applied to Betfair. The provisions were characterised as imposing a burden on interstate trade that was protectionist in nature and therefore contravened section 92 of the constitution. The Court decision suggests, but leaves open, that a more narrowly drafted ban may have been allowed (e.g., banning people in Western Australia from laying "lose bets" on events held in Western Australia).<ref name="Betfair v WA HCA">{{cite AustLII|HCA|11|2008|litigants=[[Betfair Pty Limited v Western Australia]] |parallelcite=(2008) 234 [[Commonwealth Law Reports|CLR]] 418 |date=27 March 2008 |courtname=[[High Court of Australia|High Court]]}}.</ref>

In the 2012 High Court case of ''Betfair Pty Limited v Racing New South Wales'', Betfair's appeal, against a newly enacted fee to access New South Welsh vital race field information, was rejected.<ref name="Betfair v NSW HCA">{{cite AustLII|HCA|12|2012|litigants=[[Betfair Pty Limited v Racing New South Wales]] |parallelcite=(2012) 249 [[Commonwealth Law Reports|CLR]] 217 |date=30 March 2012|courtname=[[High Court of Australia|High Court]]}}.</ref> The Court held that the relevant law would have no discriminatory or protectionist effect on interstate trade, thereby complying with [[section 92 of the Constitution of Australia]], and that Betfair had not proven that the fee would cause significant economic damage (not to the extent of the appellants in ''[[Castlemaine Tooheys Ltd v South Australia]]''<ref name="Tooheys HCA">{{cite AustLII|HCA|1|1990|litigants=[[Castlemaine Tooheys Ltd v South Australia]] |parallelcite=(1990) 169 [[Commonwealth Law Reports|CLR]] 436 |date=7 February 1990 |courtname=[[High Court of Australia|High Court]]}}.</ref>).

In August 2014, Betfair completed the sale of their 50% stake in Betfair Australia to venture partner [[Crown Resorts]], one of Australia's largest gaming and entertainment groups.<ref>{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11030455/Betfair-sells-50pc-stake-in-Australian-business.html|title=Betfair sells 50pc stake in Australian business|date=13 August 2014|access-date=23 March 2014|archive-url=https://web.archive.org/web/20140814020634/http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11030455/Betfair-sells-50pc-stake-in-Australian-business.html|archive-date=14 August 2014|url-status=live|work=Telegraph}}</ref>