OpinionBill Barber
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Listen to punters! Gambling Commission's cop-out on protecting customers' money highlights the need for change
Bill BarberIndustry editor
Customers of Football Index are still trying to recover their fundsCredit: Mike Hewitt
It is three years since gambling operator Football Index collapsed, taking with it an estimated £90 million in customer funds.
Launched in 2015, Football Index styled itself as football's stock market, with customers able to buy 'shares' in footballers. Users received dividends based on how the footballers performed, while the share prices rose and fell.
However, Football Index called in administrators in March 2021, after which the Gambling Commission came under fire for its handling of the affair.
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Published on inBill Barber
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more inBill Barber
- It could have been worse - but the budget heaps more pressure on British racing's leadership
- Gambling Commission must take heavy share of responsibility for misreporting of controversial survey figures
- Fred Done's full house of Classics shows that sometimes long shots do come in
- So many positions to be filled within British racing's leadership - and so few suitable people to fill them
- Choice of new Jockey Club chief is crucial for racing - and here are some of the key qualities they'll need