Published: 23 September 2021 by Imogen Moss
“An independent review into the Football Index product, which collapsed in early 2021, has been published.
The purpose of the review was to consider the Gambling Commissions actions and whether the Football Index product needed to be also regulated under the financial services regulations.
The Government press release states the review found that:
It also confirms that the Gambling Commission has “updated its framework for how it assesses risk so that product novelty is properly considered, as well as committing to consulting on tighter rules for the terminology used to describe gambling products….”
There is therefore still a future for innovative gambling products. It is evident that the products must be clear in respect of the nature of the product, and the way they are marketed to customers.
The full report can be read here.”
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