Football Index was a Jersey-licensed and regulated gambling product that allowed customers to gamble on the future success of football players. Customers purchased imaginary shares in football players, earning daily payouts based on player performance and media rankings. The platform was launched in 2015 and became popular for its unique approach, combining elements of gambling and stock market trading.
However, in March 2021, Football Index entered administration and had its gambling licenses suspended. The company faced significant backlash from users after reducing dividend payouts, which led to a drastic drop in the value of their portfolios. This resulted in substantial financial losses for many users, and the platform ceased trading shortly after.
Football Index's collapse is considered one of the biggest failures in UK gambling history, with users potentially losing up to £100 million. The company's downfall has led to investigations into the role of regulators and the nature of the gambling product it offered.