Matchbook returns to UK action as UKGC lifts suspension

Online betting exchange Matchbook (Matchbook.com) has been given the green light to restart its wagering services for US customers, following the UK Gambling Commission (UKGC) lifting its suspension of registered holding company Triplebet’s operating licence.

Matchbook revealed this morning, that it had ‘implemented significant improvements to its compliance practices’ matching UKGC’s demand on ‘betting intermediary and remote casino licences conditions established under Section 116 of the 2005 Gambling Act.

On 17 February the UKGC forced Matchbook to suspend its UK services and transactions, informing its customers that its operations had been placed under investigation

The UKGC investigation found that Triplebet failed to monitor business relationships and due diligence checks into members of gambling syndicates.

Issuing a corporate statement, Matchbook said; “This announcement marks the culmination of many months of hard work and investment across our entire business.

“We are 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.”

“We’re pleased to announce that our license suspension has been lifted and we are working hard to get the site back up and running as soon as possible,” the statement said. “We can’t wait to welcome you all back to Matchbook in the coming days.”