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<p>The government is taking the collapse of BetIndex Ltd (the operators of Football
Index) and the concerns of those affected very seriously. On 20 April we announced
an independent review of the regulation of the Football Index product. The review
will take an objective look at the decisions and actions of the Gambling Commission
and any other relevant regulators, to provide a clear account of how the company’s
activities were regulated, identify if there are potential areas for improvement and
inform our Review of the Gambling Act 2005. More information can be found in a Written
Ministerial Statement on Regulation of Football Index, available at:</p><p><a href="https://questions-statements.parliament.uk/written-statements/detail/2021-04-20/hcws929"
target="_blank">https://questions-statements.parliament.uk/written-statements/detail/2021-04-20/hcws929</a></p><p>
</p><p>While we appreciate that the situation regarding Footstock has also affected
some British customers, it would not be straightforward to include the regulation
of both companies in the scope of an independent review. As significantly more customers
in Britain were affected by its collapse, the review will focus on Football tIndex.
We hope the insights from the investigation will inform how novel products are regulated
in future.</p><p> </p>
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