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Flutter to close NJ Betfair racing exchange

FanDuel Group COO Kip Levin says product will be pulled in October after not “hitting critical mass”

Flutter is closing its New Jersey racing exchange in October after four years of operating the only betting exchange product in the state. According to Thoroughbred Daily News, the operator was never able to secure the rights to take bets from major US racetracks, including those belonging to Churchill Downs and The Stronach Group. FanDuel…

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