The National Thoroughbred Racing Association is actively supporting the Regulation Advancement for Capital Enhancement (RACE) Act of 2025, the organized announced in a press release Monday. Introduced by congressman Andy Barr (R-KY) earlier this month, the a bill aims to simplify the registration process required by the Securities and Exchange Commission in order to allow more Americans to invest in the industry through fractional ownership of Thoroughbred racehorses.
“Thanks to companies like MyRacehorse, thousands of people across the country get to experience the excitement of owning a winning horse,” said NTRA President and CEO Tom Rooney. “Thoroughbred racing is America's best and oldest sport, and we need to encourage more people to get involved. We can't penalize individuals and companies interested in fractional participation due to excessive federal regulations. The RACE Act is one way we can ensure that more people can participate in the sport of racing. Fractional ownership models similar to MyRacehorse and others have only grown in popularity in the U.S., especially since last year's Preakness, and have been prevalent in other major racing hubs like Japan and Australia partially because they give fans who might not otherwise be able to own a racehorse another avenue to connect with the sport.”
Congressman Barr added, “The RACE Act removes unnecessary regulatory barriers so more Americans can invest in the future of horseracing. This legislation is about modernizing capital markets, supporting Kentucky jobs, and preserving the heritage of the sport we love. At a time when the industry needs revitalization, this bill gives companies the tools to innovate and grow.”
Click here to view the entire bill which was referred to the House Committee on Financial Services May 1.
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