On 7 February 2012, Conservative MP Matthew Hancock introduced a bill on the licensing of offshore gambling under the ten minute rule motion.
The bill would amend the Gambling Act 2005 so that tax is paid based on where the customer is, rather than where the bookmaker is based.
It would require all operators selling into the British market, whether in the UK or overseas, to hold a Gambling Commission licence to undertake transactions with British consumers and to advertise in the UK.
The bill would also force to all relevant operators to contribute to the Horserace Betting Levy.
The West Suffolk MP, whose constituency includes Newmarket racecourse, has fought a long campaign to reform racing's finances.
He told MPs that horse racing was the second-most attended sport in the UK, second only to football, but that it had suffered a "devastating" fall in funding in recent years.
His bill would help "give hope" to an industry that had lost an estimated £62m in betting duties due to bookies relocating offshore, he claimed.
Fellow Conservative Philip Davies spoke against the bill, saying it was "doomed to fail" and would offer UK consumers no greater protection.
But Mr Davies did not force a vote, and the motion was nodded through.
Mr Hancock's bill stands little chance of becoming law, however, due to a lack of parliamentary time.