Matchbook suspension lifted by the UKGC

14 Aug 2020

matchbook exchangeThe 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”.

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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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