The International Agreement on Breeding, Racing and Wagering is a voluntary agreement designed for the guidance of recognised Racing and Breeding authorities. Horse-Racing Law is to al- low pari-mutuel wagering on horse races and: ◇ Assure protection of the public.The International Federation of Horseracing Authorities (IFHA) brings together some 60 horseracing authorities ('jockey clubs') from 55 countries. 22–Santa lara ounty Fair, San Jose. 205.7: Wagering on Out-of-State Races.