The betting exchanges have moved up or down the ladder of nasties depending on your interpretation of sinister, but reports that races might be rigged for 'huge sums' are probably still quite a bit skewed. What is clear is that the world of Internet betting is not sitting still, though racing authorities might be. Betting exchanges and the tiny returns from them are understandably unpalatable to racing administrators and governments around the world who have supped well by keeping punters on a diet of double-digit deductions anywhere up to 30 per cent. Thus, the idea of dealing with an administration-friendly operation like Attheraces or some equivalent has not yet been given any serious thought. When, for purely selfish reasons like wanting a fair chance to break even, gamblers choose betting exchanges, it should not come as a surprise, but apparently it does. The music and video giants are coming to terms with their inability to stop Internet file swapping - on one well-known operation there are at any given second of the day between three and four million users online swapping files for free - and like them, gambling authorities are going to have to deal with the stark reality that the only way to stop all this is to stop the Internet. And nobody really thinks that's about to happen. We agree that the downside of having exchanges work in opposition to tote monopolies in particular is the undermining of win and place pools, though we are unsure why they should be considered any more damaging than the massive black market which has existed for decades in places like Hong Kong, Japan and Singapore.