BetIndex: Insolvency

Department for Digital, Culture, Media and Sport written question – answered on 15th June 2022.

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Photo of Sarah Owen Sarah Owen Opposition Whip (Commons), Shadow Minister (Levelling Up, Housing, Communities and Local Government)

To ask the Secretary of State for Digital, Culture, Media and Sport, if she will make it her policy to provide redress to the people affected by the collapse of BetIndex Ltd, the operators of Football Index.

Photo of Chris Philp Chris Philp The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

The Government appreciates the significant impact that the collapse of the novel gambling product Football Index had on former customers. We recognise the frustration and anger that this situation has caused and the hardship that some people have suffered as a result. However, there is no compensation scheme for losses caused by a gambling firm ceasing to operate and the Government does not think it would be appropriate to use public funds for these purposes.

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