In advance of the 151st Kentucky Derby (G1), U.S. Rep. Andy Barr (R-KY) reintroduced the Regulation Advancement for Capital Enhancement Act of 2025, a bill that aims to simplify the registration process required by the Securities and Exchange Commission.
The bill, identified as the RACE Act, will increase the ability of fractional ownership companies like MyRacehorse to securitize Thoroughbred racehorses and open the doors for more individuals to participate in America's oldest sport. The act would automatically approve offering statements filed with the SEC—simplifying the registration process. This change will allow for more Americans to invest in the industry through fractional ownership of Thoroughbred racehorses.
"The RACE Act removes unnecessary regulatory barriers so more Americans can invest in the future of horse racing," Barr said. "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."
The National Thoroughbred Racing Association continues its part actively lobbying for RACE in order to expand investments in Thoroughbred racing.
"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."
Last year, MyRacehorse campaigned Preakness Stakes (G1) and Pennsylvania Derby (G1) winner Seize the Grey and Breeders' Cup Sprint (G1) winner Straight No Chaser, who would be named Eclipse champion male sprinter for 2024.
