Football Index announces SUSPENSION of its gambling platform

Football Index has announced that it has suspended its gambling platform after its catastrophic market crash.

The self-styled ‘real money virtual stock market’ is gripped in turmoil following an explosive announcement that dividends would be reduced by around 80 per cent within 30 days.

And a statement on Wednesday from Football Index read: ‘We understand this has been a difficult and challenging week for you all. After much difficult deliberation we must now issue the following update.

‘The Board of BetIndex Limited has consulted with external legal and financial advisors, and the UK and Jersey Gambling Commissions. The decision has been made to suspend the platform.’

More to follow… 

Virtual gambling platform Football Index, a shirt sponsor for two Championship clubs – including QPR, has been met with a furious backlash after jaw-dropping share price crashes