British Regulators Slammed Over Football ‘Stock Market’ Collapse

  • FCA inconsistent on whether it should regulate firm: report
  • Football Index had about $174 million open bets in March

Nottingham Forest and Queens Park Rangers during the Sky Bet Championship match in London in 2020. 

Photographer: Bradley Collyer/PA Images/Getty Images
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Britain’s banking and gambling watchdogs were heavily criticized in a government-ordered report following the collapse of Football Index, a service that branded itself as a soccer “stock market.”