Oceanport — Monmouth Park Racetrack announces the formation of The Independent Sports Wagering Association (TISWA) that it has formed to self-regulate sports betting.
TISWA’s purposes are to promote a safe, secure, and reliable sports wagering environment that protects both the persons placing wagers on sports contests and the public as well as providing mechanisms to safeguard the integrity of the sporting contests and athletic events on which wagers are accepted. To further its purposes TISWA will enact an Ethics Code of Conduct and Rules and Regulations.
Dennis Drazin, advisor to Monmouth Park, added, “TISWA will model itself on other highly successful and effective private self-regulatory organizations that have long existed in the financial sector, real estate industry, and in the medical and legal professions.”
Monmouth Park is geared up to be the first place in the state set to accomodate sports wagering when it becomes legal.