Matchbook Sports Betting License Temporarily Suspended

The UKGC has issued the temporary license suspension of Matchbook, a long-time online sports exchange and casino operator that vows to achieve compliance and a swift return.

UKGC Suspends License of Matchbook Online Sports Exchange & Casino

It’s no secret that the UK Gambling Commission has no patience for remote operators who fail to uphold its guidelines. It is universally recognized as the strictest online gambling authority on the planet. That’s bad news for operators with any misconceived notions of getting away with a lax regime; at the same time, great news for members of any UKGC-licensed operation, knowing they are well protected against everything from social harms to criminal activity.

The Commission has proved its intolerance for licensee failures time and time again. UKGC officials are constantly doling out fines to operators who’ve been found guilty of non-compliance. The severity of those fines continue to rise, not just with time, but with loss of patience for repetitive transgressions. However – and I’ve pointed this out on several previous occasions – it’s extremely rare, practically unheard of, in fact, for the Commission to actually suspend an operator’s license.

That point of interest makes this latest news all the more brow-raising. As of this morning, Tuesday, February 18, 2020, the UKGC has officially suspended the license of Triplebet Limited, d.b.a. Matchbook.com.

Online Sports Exchange & Casino License Suspended

Matchbook Sports Betting License Temporarily Suspended

A brief press release issued this morning by the UK Gambling Commission confirms that Matchbook has, indeed, lost its license; at least, temporarily. The suspension of Triplebet LTD’s license prohibits the Matchbook from facilitating any remote gambling activities, effective immediately.

According to the UKGC’s official announcement:

The Gambling Commission has undertaken a Licence review under s116 of the Gambling Act 2005 (“the Act”) into Triplebet Limited t/a Matchbook (operating licence no 039504-R-319407-011).

Pursuant to section 118(2) of the Act, the Commission has determined to suspend the above operating licence insofar as it pertains to the operator’s ability to offer remote facilities for pool betting, betting intermediary and to operate a remote casino.”

The Matchbook website is still up and running, as the operator has been instructed to continue settling any open wagers placed prior to the license suspension, and honoring withdrawal requests of customer accounts.

What the UKGC notably failed to mention was any innuendo into the reasoning behind their sudden course of action. There is no hint of why Matchbook is under investigation. The Commission simply directs any customer questions concerning the issue to Matchbook’s support team (email support@matchbook.com or call 0203 642 6867).

Matchbook Vows Swift Resolution and Return

Just as the UKGC was publishing its news of the license suspension and investigatory review of the operator, Matchbook was scurrying to get an email off to its customers warning them of the site’s impending fate, and reassuring them that the operator will be back up and running as swiftly as possible.

The email that went out this morning to all UK customer’s reads:

Today the United Kingdom Gambling Commission has taken the decision to temporarily suspend the operating licence of Triplebet Limited (t/a Matchbook).

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.

Matchbook has been in regular contact with the Gambling Commission and has agreed a path forward where it will deliver on a number of conditions. We will be back soon and we are committed to providing a betting exchange which adheres to very high standards.”

When all is said and done, I’m hopeful the UKGC will publish its findings, along with any sanctions against the company, and the reasons behind them. Until then, it’s worth noting that Matchbook has been in good standing with its customers and licensing authorities for many years. The online sports exchange and casino has been in operation since 2004, and by all accounts, has every intention of being back in business as quickly as UKGC investigators will allow.

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