Football Index Collapse: Blurring The Lines Between Gambling & Investment
This article was originally published 3 June 2021 and has been completely revamped and updated for accuracy and comprehensiveness.
Football Index, the trading name of BetIndex Ltd (Football Index/Index) has become a prominent feature in United Kingdom (UK) news for the past months due to the platform’s dramatic downfall. The platform has faced criticism due to speculation that Football Index should have been regulated by the Financial Conduct Authority (FCA) rather than the UK Gambling Commission (UKGC).
This article discusses:
- The history and background of Football Index
- The reasons behind the downfall of the Football Index
- Who has the power to regulate entities such as the Football Index – UKGC or the FCA
- Gambling Act review and probe into the failings of the Football Index
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- Tags: Administration | Department for Culture Media and Sport (DCMS) | Financial Conduct Authority (FCA) | FiveYards | Football | Football Index | Gambling Act 2005 | Gambling Law | Licence Conditions And Codes Of Practice | Money Laundering Regulations 2007 | Regulation & Governance | Sports | United Kingdom (UK) | United Kingdom Gambling Commission (UKGC)
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Written by
Fulcrum
Fulcrum is a team of corporate and financial crime lawyers, supported by multidisciplinary specialists, including investigators, forensic accountants and compliance professionals. Uniquely, the team consists of various experts with extensive, first-hand, competitive sports experience themselves at a national level.
With a specialist sports division, Fulcrum's governance work includes assisting sports in achieving compliance with best practice required by Sports England, the International Olympic Committee, and other relevant bodies, including national governing bodies."
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