Oregon Statutes 462.307 – Lawful exchange wagering
Notwithstanding any other provision of law or rule to the contrary, exchange wagering by residents of this state and other jurisdictions on the results of horse races conducted in this state or other jurisdictions are lawful, provided that:
Terms Used In Oregon Statutes 462.307
- Licensee: means a person, partnership, corporation, political subdivision, municipal corporation or any other body holding a license under this chapter. See Oregon Statutes 462.010
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) Exchange wagering may be conducted only by an exchange wagering licensee through an exchange wagering system pursuant to an exchange wagering license issued under ORS § 462.313;
(2) Exchange wagering must be conducted pursuant to and in compliance with the provisions of the Interstate Horseracing Act of 1978, 15 U.S.C. § 3001 to 3007, as amended, and ORS § 462.301 to 462.340 and the rules adopted pursuant to ORS § 462.301 to 462.340; and
(3) Exchange wagers must be submitted to and accepted by an exchange wagering licensee in person, by telephone or by communication through other electronic means. [2019 c.313 § 4]