Southeastern Betting Agency
The South-Eastern Betting Agency, universally shortened to SEBA, is the name given to the state-owned totalisator board of Sirocco, Yabloko and Zealandia, whose governments jointly own the agency. SEBA was formed on January 7, 2011 by Aldrich Lucas of Yabloko and Daniel Anderson of Sirocco with King Anthony of Zealandia joining shortly after its formation after some debates between Rajputistan and Yabloko, resulting in several micronations placing bets on the outcome.
SEBA was proposed by Anderson in a conversation with Lucas on January 7, 2011, and after some discussion it was decided to arrange an agency for micronational bets. Zealandia also showed interest and soon after SEBA's formation joined the agency. It is believed that SEBA is the first of its type in the world.
Winnings are paid out virtually one-for-one (e.g. a bet of $1 will be rewarded with $1) in the better's currency.