Byline: ANITA CHAMBERS
Chancellor Gordon Brown's announcement of a review into the tax treatment of Internet betting exchanges and their clients was welcomed by traditional bookmakers yesterday.
The popularity of betting exchanges - at the centre of recent controversies in the world of horse racing - has soared in recent years, with around 250,000 British punters attracted by their simplicity and good prices.
But traditional bookies complain they are not competing on a level playing field in terms of the way they are taxed.
Betting exchanges act as brokers, matching people with opposite views on a sporting …