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competitors or other new entrants looking to establish a similar fixed-odds business would need to incur much higher cost.
competitors or other new entrants looking to establish a similar fixed-odds business would need to incur much higher cost.
moreover, the adverse effects on competition — in particular as regards fixed odds betting — would be severe and disproportionate.
moreover, the adverse effects on competition — in particular as regards fixed odds betting — would be severe and disproportionate.