UK Gambling Commission suspends Triplebet Limited Licence

Having reviewed for the past couple of years Triplebet Limited – the parent company of betting operator Matchbook, the UK Gambling Commission announced the decision to temporarily suspend the operating licence.

Matchbook commented in a statement published on its site that it would be “briefly closed” for all betting and casino activity in the UK adding that it would continue to settle all open positions, and customers would have access to their account to withdraw funds: “The company takes its responsibility as a betting and gaming operator very seriously and accepts the UKGC panel’s findings following a two-year review. Triplebet believes that compliance goes to the heart of offering a betting exchange product, and through the introduction of new policies and the establishment of a Compliance Committee, Triplebet has shown that it is committed to achieving any standard of compliance required of it.

Last year Triplebet engaged a third-party compliance specialist in order to elevate its standard of compliance beyond what is required by the UKGC. Over the coming weeks these recommendations will be completed in full, and an independent audit will be carried out with a view to the licence being reinstated.”

The Gambling Commission in its announcement said it had taken the decision to suspend Matchbook’s pool betting, betting intermediary and remote casino licences under Section 116 of the Gambling Act 2005, which gives the regulator the power under certain conditions: “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 suspension of Triplebet Limited takes effect immediately.

We have instructed the operator that it may continue to settle any open positions on bets which have been placed prior to the suspension coming into force and facilitate customers’ accessing their accounts to withdraw funds”

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