Where approved by the Commission, and where the exchange wagering licensee demonstrates by clear and convincing evidence that a proposed interstate exchange pool is consistent with law in all respects, an interstate exchange pool may be offered. An interstate exchange pool may be established in this State, in another state, or a foreign nation. Regardless of where established, the unmatched exchange wagers of New Jersey exchange wagering account holders shall be matched with unmatched exchange wagers, within the interstate exchange pool, to form identically opposing matched wagers.
N.J. Admin. Code § 13:74C-5.10