Tag Archives: Financial Conduct Authority (FCA)

UKGC highlights lack of ‘means to replace funds’ as reason behind Football Index downfall

Andrew Rhodes, Interim CEO of the UK Gambling Commission (UKGC), has issued a full response to a number of questions asked of the regulator by former customers of football player exchange platform Football Index. Following the collapse of the operator, and its parent company BetIndex, a number of criticisms of the UKGC’s regulatory oversight were raised – although the Commission …

Read More »

UKGC alters digital oversight following Football Index investigation

In response to an investigation into the collapse of BetIndex, the UK Gambling Commission (UKGC) has announced that it will make changes to its regulatory oversight of digital gambling products. The Independent Review highlighted a number of areas for improvement from both the UKGC and the Financial Conduct Authority (FCA). In response to the review’s recommendations, the UKGC has introduced …

Read More »

DCMS urged to take immediate action on Football Index collapse

MPs from the All-Party Parliamentary Group for Gambling Related Harm (GRH APPG) have directed further criticism at the UK Gambling Commission (UKGC) regarding the collapse of betting exchange Football Index. Writing a letter to Culture Secretary Oliver Dowden, the group of legislators described the demise of the operator and the losses its customers suffered as a ‘scandal,’ and have cited …

Read More »