The International Agreement on Breeding, Racing and Wagering is a voluntary agreement designed for the guidance of recognised Racing and Breeding authorities. Exhibit 4International Federation of Horseracing Authority, International Agreement on Breeding, Racing and Wagering.The Association of Racing Commissioners International has drafted Model. Rules of Racing for the use of the Pari-Mutuel Industry. These principles and best practices are captured in articles comprising the International Agreement on Breeding, Racing and Wager ing. The legislation was also intended to prevent and curb unlawful bookmaking and illegal wagering on horse races and ensure that off-track betting (OTB) activities. Nassau OTB clearly is not out of the woods due to payment agreements to Nassau County. OTBS provide this revenue to local governments.