UK government Ministers are planning to initiate an investigation into the collapse of the ‘football player trading exchange’ Football Index.
The Times reported that legislators are ‘anxious’ by the operator’s collapse after users lost over £100 million following its crash into bankruptcy.
Furthermore, a UK government source told the outlet, “This case reinforces the need for our comprehensive review of gambling laws.”
“This independent investigation into Football Index will feed into that work. Also, we would make changes to regulation for the protection of people.”
Football Index is the trading arm of BetIndex. Users bought shares here in active players, winning dividend payouts based on a footballer’s on-pitch performance.