Matchbook freezes UK activity following UKGC suspension
Closing Monday 17 February trading, online betting exchange Matchbook has been forced to suspend its entire UK betting and casino services.
The Dundalk-based operator issued a statement to customers detailing that the UK Gambling Commission (UKGC) had sanctioned a temporary licence suspension on its operating company Triplebet Limited.
“As a result, from 23.59 on 17 February 2020 we will be briefly closed for all betting and casino activity in the United Kingdom. During this time we will continue to settle all open positions and you will have access to your account to withdraw your funds” reads Matchbook’s player statement.
Matchbook customer service has communicated that the betting exchange will existing UK customers to withdraw their funds and that the exchange will further settle all existing positions on open wagers.
As yet UKGC governance has not issued an official statement detailing why Matchbook has been suspended or whether the operator will be reviewed.
The UKGC’s registry details Matchbook operating company Tirplebet Limited (licensee 39504) as a Guernsey registered enterprise, sanctioned to operate the remote wagering services for remote betting, pools and casino services.
Following significant investment revamping its platform capabilities in 2014 Matchbook relaunched its entire UK profile seeking to become a challenger online exchange to market leader Betfair.
Matchbook suspension notice
The temporary suspension of our UK license poses no threat to customer funds, which have been, are and will remain safe for all of our customers. Customers are able to freely withdraw their funds now and will continue to be able to do so throughout the duration of the suspension.
— Matchbook (@TeamMatchbook) February 17, 2020
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Source: SBC News
