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Compliance Updates

UKGC Temporarily Suspends Operating License of Matchbook

Published

5 years ago

on

Matchbook Implements High Protection Status On Funds
Reading Time: < 1 minute

 

The UK Gambling Commission has temporarily suspended the operating license of Sports betting exchange operator Matchbook.

Matchbook’s UK customers reported receiving emails informing them that the UK Gambling Commission (UKGC) had “taken the decision to temporarily suspend the operating license of Triplebet Ltd (Matchbook). As a result from 23:59 on 17 February 2020 we will be briefly closed for all betting and casino activity in the United Kingdom.”

Matchbook said it has been in “regular contact” with the UKGC and had “agreed a path forward where it will deliver on a number of conditions.”

Matchbook promised to “be back soon” and assured its UK customers that they would retain access to their online accounts for fund withdrawals and the site would “continue to settle all open positions.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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