The UK Gambling Commission has lifted the ban on sports betting exchange Matchbook. The brand, running under operator Triplebet, had its UK pool betting, betting intermediary and remote casino license suspended since February, following a nearly two-year investigation by the UKGC.
The company had failed to implement specific standards and conditions related to anti-money laundering and the Commission had found quite a few such cases. But this is left in the past now, as Matchbook has finally managed to upgrade its anti-money laundering and responsible gambling policies to meet the set standards.
A spokesperson for the company has stated that “this announcement marks the culmination of many months of hard work and investment across our entire business. We're extremely proud of the dedication and commitment of our staff during a very challenging economic period, that has enabled Matchbook to once again offer a much-improved exchange platform to UK residents as we continue to grow our market share and deliver an industry-leading platform and liquidity pool for our customers”.
Why choose Matchbook
- Huge odds
- Low commision rates
- Crazy limits on prematch bets
- Known for the wide range at US Sports markets
- Wide range of sports
- Lots of educating special features
- Excellent customer support
- Mobile applications
- New website design and great functionality
At first Matchbook was introduced as a betting exchange for American punters. The turning point came in 2012, when they begun their effort of becoming a global brand, with fresh faces in charge and the company’s relocation in Europe. Betting exchange is not available in many countries, but wherever they operate they have proven to be really competitive. Their main advantages are their low commission (up to 1%) and their huge range of bets, which do not only cover sports events. An introduction of the live streaming service could boost their popularity in the live betting section, which is the main source of turnover of every major betting exchange.