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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
