UKCG was Warned About the Football Index Collapse

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A report sent to the regulator in January 2020 laid out concerns over Football Index's activities. The report said that the operator’s activities represented “an exceptionally dangerous pyramid scheme under the guise of a football stock market’” and that the regulator should immediately warn and protect users.

Source:

UK Gambling Commission Missed Football Index Red Flags in 2020

The UK Gambling Commission was warned about Football Index’s unsustainable business model a year before the company’s epic crash and burn.

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