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Industry
April 25, 2024
UK MPs Discuss KiX, Vow to Prevent Another Football Index Situation
The UK parliament has discussed KiX, a controversial new soccer trading platform. While bearing some similarities to the failed Football Index platform, KiX says that its predecessor was merely a “proof of concept.” For context, the Football Index was a platform similar to a stock market. Instead of stock, however, players dealt with wagers on […]
Sports
October 3, 2022
Football Index Players Have 40 Days to Reclaim their Money
The Football Index, a sports betting platform that launched in 2015, became notorious for its collapse. Half a decade after its launch, the platform had its license revoked, sparking concerns about players’ money. Luckily, it seems like players will be able to get their funds back. The Football Index Lost Its License Two Years Ago […]
Casino
June 9, 2022
Football Index Clients Lose Hope as UK Minister Denies Them Compensation
A UK cabinet minister announced that the government would not provide any compensation for clients of failed sports betting company Football Index. This decision comes more than a year after the UK gambling commission stripped Football Index of its gambling license and quashed the hopes of thousands of customers. Football Index Suffered a Swift and […]
Industry
October 14, 2021
UKGC Interim Boss Andrew Rhodes Comments on Football Index
The Football Index debacle has left a bitter aftertaste in legislators and consumers who have accused the UK Gambling Commission of inaction in the matter. In a new blog post, the interim commission boss Andrew Rhodes takes to explain his position as seen through the regulator’s prism, arguing that there were no red flags when […]
Legal
August 3, 2021
Interim Gambling Commission CEO Defends Regulators’ Actions
Ongoing criticism hurled at the Gambling Commission in the UK for its deafening silence during the administration process of Football Index provoked the commission’s interim chief executive to respond. ‘CVA May or May Not Happen’ Andrew Rhodes, who stepped to the executive role in June to replace his predecessor Neil McArthur, who was forced to […]
Industry
July 14, 2021
Football Index Administrators Start Customer Funds Repayments
Administrators at the collapsed sports betting platform Football Index announced withdrawals of customer funds are about to begin. Dispute with Payment Provider Resolved The announcement from insolvency practitioner firm Begbies Traynor, appointed in late March to administer proceedings at the collapsed sports betting platform with elements of stock market trading, came just a day after […]
Legal
June 16, 2021
Court Rules on Football Index Administrators Repayments
UK customers are watching with interest as a Jersey Court has sought to recognize a High Court ruling on the Football Index repayments. The high-profile betting company and its parent company BetIndex went into administration in March. The June 22 date set by the court is set to trigger repayments of £3.5 million ($4.95 million) in player account funds. Court administrators […]
Legal
May 10, 2021
Football Index Administrators Begin Allocating Customer Funds
Administrators at BetIndex, operators of sports betting platform Football Index, initiated the process of allocation of funds to current and former users of the platform at a hearing in the Royal Court in Jersey today. Formal Launch of Funds Allocation Initiated Insolvency practitioner firm Begbies Traynor which was appointed in late March to administer the […]
Industry
March 16, 2021
Football Index Meltdown Piles Pressure on Gambling Commission
The Gambling Commission (GC) in the UK is facing serious questions related to the recent collapse of sports betting platform Football Index which went into administration last week. UK Gambling Regulator under Fire Dark clouds are gathering above the UK gambling regulator following the complete meltdown of the famous betting platform which allowed players to […]
Sports
March 8, 2021
Football Index Slashes Dividends, Player Price Tags Collapse
A surprise development over the weekend caused customer discontent at Football Index after the company announced it would be slashing player dividend payouts just days after it placed shares in new players. Announcement Caught Customers by Surprise The licensed by the UK Gambling Commission company announced Friday it was giving 28 days’ with regards to […]