The football trading industry was in disarray as soccer player-trading platform Football Index’s market crashed considerably. Its users have collectively lost £90 million.
Neil McArthur, the head of the Gambling Commission in Great Britain, decided to resign with immediate effect. Thus, Great Britain’s gambling regulator is now left without a chief executive amidst the government’s review of gambling laws.
The United Kingdom has always been one of the countries that pave the way for legalised gambling. This is not surprising since it has a rich history when it comes to this industry.
The UK sports betting industry is now facing threats with the much-awaited government review of Britain’s gambling laws being underway.
The International Betting Integrity Association (IBIA) and the Global Lottery Monitoring System (GLMS) report a year-on-year increase in suspicious betting patterns.
There is no doubt as to the fact that the UK is one of the largest gambling nations on the planet. Ever since it became legal in 1960, punters who are at least 18 years old and above have been placing their bets.