Matchbook has license temporarily suspended by UKGC

19 Feb 2020

The United Kingdom Gambling Commission has forced the online betting exchange Matchbook to freeze its UK betting and casino activity; after temporarily suspending the license of its operating company, Triplebet Limited, as of February 17, 2020.

Matchbook assured all its existing British members that during the suspension period they will be able to retain access to their accounts in order to withdraw funds and that it will continue on settling all existing positions on open bets.

For the time being, the UKGC hasn’t issued an official statement regarding the reason behind Matchbook’s temporary license suspension. Nevertheless, the betting exchange announced that it has been in contact with the Gambling Commission regarding several compliance conditions that is willing to follow.

Furthermore, Matchbook promised that it will be back in the UK market sooner rather than later and that it is committed to keep on providing players with a betting exchange characterized by very high standards.

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At first, Matchbook was introduced as a betting exchange for American players. The turning point came in 2012 when it aimed at becoming a global brand, with fresh faces in charge and the company’s relocation to Europe. Since then, it has managed to become one of Betfair’s top competitors. The Commission rates are very low and, unlike Betfair, no Premium Charge exists. There is a wide variety of markets pre-match; I particularly enjoyed the Asian Handicaps at hand. The winning limits are also relatively high and the liquidity is excellent in the top football leagues and North American sports. However, the exchange is far from perfect. The liquidity drops considerably during live betting. There are considerably fewer sports and betting options to choose from, especially in horse and greyhound racing. Customer Support is not accessible 24/7 and you can use less than ten methods to perform payments. If you are looking for a Betfair alternative that offers lower Commission, then Matchbook is an excellent option.

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Matchbook has license temporarily suspended by UKGC

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