To ask the Secretary of State for Digital, Culture, Media and Sport, what steps is she taking to ensure that the victims of the Football Index scandal are compensated for their losses on investments.
25 November 2021
The government appreciates the significant impact that the collapse of the novel gambling product Football Index had on former customers. BetIndex, the company which operated Football Index, went into liquidation on 5 November. The process is continuing and it is likely that this will result in some amounts being reimbursed to creditors. 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.