On 4 October 2004, the IFHA adopted its first position on wagering. This position has
become part of the International Agreement on Breeding, Racing and Wagering,
known as Article 28. The position on wagering reads:

I. In the International Agreement the term wagering shall be taken to include, without limitation, totalizator, pari-mutuel, fixed-odds or any form of bookmaking and/or betting exchange operations by whatever means (including, without limitation, electronic and telecommunications media through the Internet, interactive TV, telephone, mobile phone and other "hand-held" devices).

II. Each signatory of this Article shall respect the jurisdictional integrity of every other signatory in the provision of wagering on racing.

III. The use of racing events, pictures and data relating thereto for wagering purposes shall only be made with the express consent of the organisation staging those racing events and/or its authorised licensees and franchisees and/or other relevant rights holders.

IV. Wagering opportunities shall only be offered in another country with the express consent of that country's relevant governmental authorities, if required, and in compliance with the legal and regulatory requirements of that country.

V. All signatories to this Article shall inform their respective governments or governmental supervisory institutions about their adoption and observance of this Article and, subject to paragraph VI of this Article, shall undertake all possible efforts to lobby for legislative and/or regulatory support of this Article and to prevent wagering operators based in its jurisdiction from acting in breach of paragraphs III and IV of this Article.

VI. Where a signatory to this Article is a body that does not have direct control over wagering then the obligations of this Article shall be read as being a commitment of best endeavours to promote respect for the Article within its jurisdiction.

VII. The signatories to this Article shall strive to ensure complete integrity and security of their respective operations. Every effort will be made to ensure that wagering will be conducted fairly and not used as a means for any illegal activities, in particular, for money laundering.