Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, in the context of the collapse of football gambling firm Football Index, what steps she is taking to help ensure that those persons (a) affected by the collapse are compensated and (b) responsible for that collapse are held to account.

The government appreciates the significant impact that the collapse of the novel gambling product Football Index had on former customers. Administration proceedings for BetIndex, the company which operated Football Index, are continuing. These are looking at the assets and liabilities of the operator and what is owed to customers. It is likely that this process will result in some amounts being reimbursed to creditors.

The Gambling Commission has revoked BetIndex’s operating licence and the Personal Management Licences held by senior members of the company have been surrendered. The Commission has also referred the company to the Insolvency Service to ask that they consider whether the actions of the directors prior to administration breached insolvency or fraud laws.