UK Gambling Commission: “Football Index was not operating a Ponzi scheme”

CEO Andrew Rhodes addresses criticism levelled at regulator over the implosion of the self-styled football stock market

Andrew Rhodes, the CEO of the UK Gambling Commission, has insisted the regulator did not license a pyramid scheme in Football Index before it collapsed earlier this year. Responding to aggrieved customers’ complaints directed at the UKGC, Rhodes stated that the recently published independent review into the regulation of parent company BetIndex found that Football…

Andrew Rhodes | Betindex | Football Index | Gambling Act 2005 | Gambling Commisison | Regulation | Regulation