1-10 of 10 results for subject:BetIndex
Librarians' tools
- Search time
- 0.208 seconds
- Solr query time
- 0.003 seconds
- Search query
- subject:BetIndex
- We searched for
- subject_t:BetIndex OR subject_t:"Bet Index" OR subject_ses:480587
Type
House
Session
Year
Department
Member
Primary member
Answering member
Legislative stage
Legislation
Subject
More
Publisher
To ask the Secretary of State for Digital, Culture, Media and Sport, if she will provide redress to the people affected by the collapse of BetIndex Limited, the operators of Football Index.
To ask the Secretary of State for Digital, Culture, Media and Sport, if she will provide redress to the people affected by the collapse of BetIndex Limited, the operators of Football Index.
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.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions her officials have had with their counterparts at the Treasury on the actions of the Financial Conduct Authority with regards to its regulation of BetIndex Limited.
To ask the Secretary of State for Digital, Culture, Media and Sport, what discussions her officials have had with their counterparts at the Treasury on the actions of the Financial Conduct Authority with regards to its regulation of BetIndex Limited.
Officials from the Department for Digital, Culture, Media and Sport worked closely with their counterparts at the Treasury to discuss the collapse of BetIndex, the role of the Financial Conduct Authority (FCA) in this case, the independent review conducted by Malcolm Sheehan QC and the lessons learnt that were identified by the review.
Following the publication of the review, the Gambling Commission updated its framework for risk based regulation so that product novelty is properly considered alongside other factors in determining the level of scrutiny an operator is placed under.
The review also clearly states that the FCA’s concluded position was that no part of Football Index fell within the FCA’s remit on legal grounds. Only one company is currently regulated by both the Gambling Commission and the FCA. The Commission continues to be vigilant about emerging products and operators and, under the terms of the new Memorandum of Understanding (MoU) with the FCA, identify and highlight the potential need for its involvement wherever necessary.
The FCA and the Gambling Commission strengthened their Memorandum of Understanding in response to Mr Sheehan’s recommendations in the independent review, including establishing new escalation routes and commitments on timeliness of responses to ensure regulatory impasses are identified and overcome quickly. The FCA has additionally nominated an Executive Director to oversee its relationship with the Commission.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether Ministers in her Department have met officials at the Gambling Commission in respect of the Review of the Regulation of BetIndex Limited.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether Ministers in her Department have met officials at the Gambling Commission in respect of the Review of the Regulation of BetIndex Limited.
The first piece of correspondence from the Gambling Commission alerting DCMS to the BetIndex Limited case was an email to officials on the 10th of March 2021.
Since then ministers and officials have had a number of meetings with the Gambling Commission on the case, the independent review, and lessons learnt. Records of ministerial meetings are published quarterly and are available on gov.uk.
Officials at the Advertising Standards Authority and DCMS have discussed the Betindex case periodically since the company’s collapse in March 2021, but there has been no written correspondence on it.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether her Department has received correspondence from the Advertising Standards Authority in respect of the activities of BetIndex Limited.
To ask the Secretary of State for Digital, Culture, Media and Sport, whether her Department has received correspondence from the Advertising Standards Authority in respect of the activities of BetIndex Limited.
The first piece of correspondence from the Gambling Commission alerting DCMS to the BetIndex Limited case was an email to officials on the 10th of March 2021.
Since then ministers and officials have had a number of meetings with the Gambling Commission on the case, the independent review, and lessons learnt. Records of ministerial meetings are published quarterly and are available on gov.uk.
Officials at the Advertising Standards Authority and DCMS have discussed the Betindex case periodically since the company’s collapse in March 2021, but there has been no written correspondence on it.
To ask the Secretary of State for Digital, Culture, Media and Sport, how many meetings she has attended on the review of the regulation of BetIndex Limited.
To ask the Secretary of State for Digital, Culture, Media and Sport, how many meetings she has attended on the review of the regulation of BetIndex Limited.
The first piece of correspondence from the Gambling Commission alerting DCMS to the BetIndex Limited case was an email to officials on the 10th of March 2021.
Since then ministers and officials have had a number of meetings with the Gambling Commission on the case, the independent review, and lessons learnt. Records of ministerial meetings are published quarterly and are available on gov.uk.
Officials at the Advertising Standards Authority and DCMS have discussed the Betindex case periodically since the company’s collapse in March 2021, but there has been no written correspondence on it.
To ask the Secretary of State for Digital, Culture, Media and Sport, what recent assessment she has made of the implications for her policies of the proposals for changes to Gambling Commission fees published by the independent review of the regulation of BetIndex Limited in June 2021.
To ask the Secretary of State for Digital, Culture, Media and Sport, what recent assessment she has made of the implications for her policies of the proposals for changes to Gambling Commission fees published by the independent review of the regulation of BetIndex Limited in June 2021.
The Government’s Gambling Act Review is taking a close look at how the Gambling Commission licence fees are set and we are considering all the evidence carefully, including the conclusions of the independent review of the regulation BetIndex Ltd, the operator of Football Index, which we published in September. We will publish a White Paper outlining our conclusions and proposals for reform in the coming months.
I am repeating the following Written Ministerial Statement made on 22 September 2021 in the other place by my Honourable Friend, the Minister for Tech and the Digital Economy, Chris Philp MP:
On 7 June the government announced that Malcolm Sheehan QC had been appointed to lead an independent review into...
I am repeating the following Written Ministerial Statement made on 22 September 2021 in the other place by my Honourable Friend, the Minister for Tech and the Digital Economy, Chris Philp MP:
On 7 June the government announced that Malcolm Sheehan QC had been appointed to lead an independent review into...
On 7 June the government announced that Malcolm Sheehan QC had been appointed to lead an independent review into the regulation of the Football Index gambling product and its operator, BetIndex Ltd. The Terms of Reference set out that the review was to provide an expert account of the actions...
On 7 June the government announced that Malcolm Sheehan QC had been appointed to lead an independent review into the regulation of the Football Index gambling product and its operator, BetIndex Ltd. The Terms of Reference set out that the review was to provide an expert account of the actions...
Further to the statement of 20th April outlining plans for an independent expert review of the regulation of the Football Index gambling product, we are today announcing the full terms of reference for the review and further details.
The Secretary of State has appointed Malcolm Sheehan QC to lead the...
Further to the statement of 20th April outlining plans for an independent expert review of the regulation of the Football Index gambling product, we are today announcing the full terms of reference for the review and further details.
The Secretary of State has appointed Malcolm Sheehan QC to lead the...
My Right Honourable Friend the Minister of State for Media and Data, John Whittingdale MP, has made the following Statement:
Further to the statement of 20th April outlining plans for an independent expert review of the regulation of the Football Index gambling product, we are today announcing the full terms of...
My Right Honourable Friend the Minister of State for Media and Data, John Whittingdale MP, has made the following Statement:
Further to the statement of 20th April outlining plans for an independent expert review of the regulation of the Football Index gambling product, we are today announcing the full terms of...