Tag Archives: football index

UKGC issues public warning on unlicensed Sorare 

The UK Gambling Commission (UKGC) has alerted the public that Blockchain-based fantasy football operator Sorare (Sorare.com) does not carry a UK gambling licence.  The Commission warned players that “any activity completed on the site by consumers in Great Britain is outside of the gambling regulations that a licensed operator should comply with”. Launched in 2018, Sorare is an Ethereum blockchain …

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Rhodes offers UKGC perspective on Football Index enforcement  

Andrew Rhodes, the interim Chief Executive of the UK Gambling Commission (UKGC), has published a video response to the independent review of the collapse of Football Index.  As noted last week, the Commission has established new practices in how it evaluates the risks of novel products recommended by the review and to strengthen its working relationship with the Financial Conduct Authority …

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Government review identifies ‘lessons to be learned’ regarding Football Index

The UK government has revealed the findings and conclusions of its investigation into the collapse of player exchange platform Football Index, making recommendations to the UK Gambling Commission (UKGC). First launched in April following the decline of Football Index after a number of users abandoned the site, leading to BetIndex entering administration, the Independent Review was led by Malcolm Sheehan …

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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 …

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Lord Chadlington joins the shortlist for UKGC Chairmanship

The UK Gambling Commission (UKGC) has published a shortlist for its vacant Chairman position including Conservative peer Lord Chadlington (Peter Selwyn Gummer), former Deloitte board member Marcus Boyle and Responsible Gambling Strategy Board Chair Anna van der Gaag. One of the key responsibilities of the new Chairman will be to coordinate the recruitment process for the new Chief Executive, with …

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Rhodes defends UKGC against blowback of Football Index’s administration

Andrew Rhodes, the Interim Chief Executive of the UK Gambling Commission (UKGC), has defended the regulator from criticism of remaining silent during the ongoing administration of Football Index. Rhodes, who took charge of the UKGC last June replacing ousted leader Neil McArthur, took to Twitter to defend the regulator from criticisms related to the administration’s proceedings. “Many have assumed the …

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Football Index allows customers to withdraw account funds

The website for football player exchange platform Football Index has gone back online after months of inactivity, allowing the operator’s customers to withdraw previously inaccessible funds. BetIndex, Football Index’s parent company, had been involved in extensive deliberations with both its administrators Begbies Traynor and the High Court of England and Wales regarding the final date for the payout of dividends …

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David Clifton: What does the future hold with a new UKGC CEO?

Licensing expert David Clifton, Director at ‎Clifton Davies Consultancy, tries to read the runes (or the many strategy documents) to discern what the new Gambling Commission (UKGC) CEO has to deal with during his 18 month tenure. The last month has seen the arrival of a new, albeit ‘interim’, Chief Executive at the Gambling Commission. With an employment background of …

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UKGC issues update on BetIndex administration as investigation continues

The UK Gambling Commission (UKGC) has released an update on the situation regarding BetIndex, the parent company of football trading exchange Football Index, which remains in administration. Explaining its stance, the regulator stated that it is the responsibility of BetIndex administrators and the courts to resolve the return of funds to customers affected by the collapse of Football Index. The …

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DCMS appoints Sheehan QC to lead regulatory review of Football Index

DCMS has confirmed that Malcolm Sheehan QC will lead its independent review into the collapse of BetIndex, the operating company of failed football trading platform Football Index.  Sheehan will conduct a review of the regulatory failings concerning Football Index’s collapse, which will be reported back to the government in its ongoing review of the 2005 Gambling Act. The review will …

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