Tag Archives: UK Gambling Commission (UKGC)

Begbies Traynor initiates BetIndex customer hearings

Begbies Traynor, the insolvency practitioners for BetIndex, initiated the process of allocating funds to former Football Index customers at a hearing in the Royal Court of Jersey today. The company was initially appointed as BetIndex’s insolvency practitioner in late March following the initial collapse of Football Index and began processing customer claims against the company in April. In a statement …

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Football Index addresses investors on losses distribution

Football Index has released a statement addressing the distribution of lost finances to its customers, two months after the operator entered administration. Begbies Traynor, the insolvency practitioner of Football Index’s parent company BetIndex, initially began to process customer claims against the company in April. The claims process was available to all users of the football player trading platform, including those …

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Affordability checks rumoured to be sidelined as DCMS focuses on UKGC shake-up

Plans for the UK Gambling Commission (UKGC) to conduct advanced affordability checks as a result of the review of the UK’s betting and gaming regulations may be shelved due to the findings of the consultation, according to a report by The Telegraph. The enforcement of applied affordability checks on all UK gamblers wagering over £100 a month has been submitted …

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UK Ministers to launch Football Index probe

UK government Ministers are reportedly planning to launch an investigation into the collapse of ‘football player trading exchange’ Football Index. The Times reported that legislators are ‘deeply concerned’ by the collapse of the operator, after users lost over £100 million following its crash into insolvency. “This case further reinforces the need for our comprehensive review of gambling laws,” a government …

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Sadiq Khan pledges to ban London Underground gambling ads

Mayor of London Sadiq Khan has incorporated a pledge to ban gambling advertising on the London Underground into his manifesto ahead of the upcoming mayoral elections. The Labour Party politician previously banned advertisements of junk food on the city’s underground rail service in 2018. He now plans to extend this advertisement ban to betting marketing if re-elected on 6 May. …

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GAMSTOP makes EPL debut with Crystal Palace partnership

National self-exclusion service GAMSTOP has made its debut partnership with an English Premier League club, forming an agreement with Crystal Palace FC. As a result of the deal, the top tier team will share information about GAMSTOP’s services across its social media channels, including both the men’s and women’s teams, as well as donating advertising space at its Selhurst Park …

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Betting industry’s sports contribution highlighted in BGC report

A recent report commissioned by the Betting and Gaming Council (BGC) has focused on the financial contribution made by the industry to the UK’s sports sector and the wider economy. The study, conducted by Ernst & Young, highlighted the £40 million received by the English Football League (EFL) and its clubs from the industry, in addition to over £10 million …

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Footstock surrenders UK gambling licence in Football Index aftermath

Football betting trading operator Footstock has surrendered its UK gaming licence and terminated its operations, just two weeks after competitor Football Index’s licence was revoked by the UK Gambling Commission (UKGC). Operating on a similar premise to Football Index, Footstock incorporated a ‘playing cards’ feature into its trading platform – reminiscent of the popular panini trading stickers game – in …

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‘Lack of empirical research’ into gambling-related harm, AAGH study finds

Research commissioned by Action Against Gambling Harm (AAGH) has found that the UK must do more to investigate levels of gambling-related harm. Conducted by the Policy Institute at King’s College London, the investigation explored four different subject areas: financial harms and affordability, betting on sport, gambling by children and gambling by women.  Among the key findings of the report, the …

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The Tote enhances player protection with TruNarrative partnership

The Tote has struck a partnership with TruNarrative to strengthen its player protection and customer onboarding capabilities, as part of a commitment to safeguarding bettors in line with UK regulations. Due to the Tote’s general objective of providing a safe environment for bettors to place wagers – the purpose for which it was established over nine decades ago – the …

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