A former senior employee of the failed betting platform Football Index has spoken for the first time about the structural flaws which brought down the business and the increasingly desperate attempts to save it in the months leading up to its collapse in early March.
Football Index went offline after a series of crashes in its “football stock market”, where users could buy and trade “shares” in leading players which returned dividends according to their performances on the pitch. The Gambling Commission, which regulated the company, suspended its licence on 11 March, leaving customers with stakes of at least £90m in open bets trapped in the platform.
Football Index customers furious as terms alterations spark market crashRead mor…