Posted on: May 31, 2022, 07:29h.
Last updated on: May 31, 2022, 07:29h.
Football Index, once a rising star in the UK gambling scene, crashed and burned in a fireball in March 2021. The man who proved to be incompetent at running a gambling operation, Adam Cole, now finds himself on the Jersey Gaming Commission’s (JGC) blacklist.
Cole can no longer hold any position or undertake any activity in any business the commission oversees. He can, however, apply to the JGC to modify or dissolve its order. The appearance of Cole’s name on the blacklist is effective as of April 6, although the commission only now added it.
The JGC, in March of last year, suspended Football Index’s license. At the time, the commission was launching an investigation into how the soccer trading platform suddenly became insolvent and lost over $125 million in users’ funds. The commission declared BetIndex, its parent company, ineligible to hold a Jersey license and removed its license in October.
Cole at the Center of Investigation
The JGC, in addition to scrutinizing BetIndex, also investigated Cole’s ability to manage a…
