In simple terms, with Football Index you are betting on a player topping the ‘Buzz chart’ as many times as possible in order to reward you with dividends – but money can be made (and lost) on both buying and selling shares in players (Football Futures) as the price changes.
Beside the above, can you make money from Football Index? In short, yes. Football Index are making money, as the daily traders are paying commission on a regular basis. Although for Football Index to make money, they would prefer that traders hold players for shorter periods, instead of stockpiling & collecting dividends.
Also the question is, is Football Index a con? Yes, Football Index is a gambling product. It’s fully licensed and operational. However, it’s not gambling like placing a spin on the roulette wheel, or even like placing an accumulator bet. Football Index really is like no other, if you are on a losing trade, remember it’s a 3 year bet.
In this regard, what will happen to my money in Football Index? The High Court of England and Wales set 26 March 2021 as the cut-off date for payment of Football Index dividends. This means that money held in player account funds can now be distributed. … If this happened, no customers could receive all the money they would be owed.
Similarly, what is Football Index based on? Football Index operated under a licence from the Gambling Commission, which regulates sports betting products. However, its website mirrored a stock exchange, offering customers a chance to buy “shares” in leading footballers which returned “dividends” based on their performance on the pitch.Players have been advised to allow between two and ten working days from the date of the withdrawal request for the money to appear in their bank account.
Is Football Index in trouble?
Football Index entered administration in 2021 and had its gambling licences suspended following a number of issues arising out of policy changes and share-price crashes.
Are football indexes legal?
It was granted a gambling licence by the Commission in September 2015, under which it operated Football Index, a product that evolved over time and included features that were said to mirror investing on a stock market. … Effectively, customers were betting on the future value of individual players.
What happened to Football Index?
Football Index went offline after a series of crashes in its “football stock market”, where users could buy and trade “shares” in leading players which returned dividends according to their performances on the pitch.
Can you buy shares in football players?
You can buy shares in footballers and play the long game on their future performance. … For every footballer on the market, Football Index players can acquire shares at the buying price of each, and they can sell those shares at the sell price, or back to the market.
Can Football Index Be Saved?
Can I still invest? No. Football Index has confirmed that trading and payment transactions, including deposits and withdrawals, have all been placed on hold with its gambling licence now suspended. Its licence in Jersey is also set to enter administration on Thursday.
Will Football Index customers get their money back?
Will I receive my money back from Football Index? That is our primary goal. At present, the trading licence of Football Index (or more specifically BetIndex Limited) has been suspended. Therefore, Football Index cannot take any meaningful action regarding refunds at present.
What is average offer price on Football Index?
Average Offer Price: The average price of all Shares offered for sale by Traders in a particular footballer. This is refreshed every hour. 90 Day Traded Average Price: This is the average price of every Share traded in the last 90 days in a particular footballer. This is refreshed every hour.
How long can you hold a player on Football Index?
However, it’s not like bookmakers where your bets only last for 90 minutes. Football Index is a long term bet, as you can Buy shares in players and keep holding them for upto three years. It’s a real money game, where you must deposit money in order to play. You can’t lose more than you deposit.
Why are prices crashing on Football Index?
The Football Index, a market in which users could buy and sell shares of soccer players, suspended operations on Thursday. Share prices plummeted after the company cut player dividend payouts last week.
Why has Football Index been suspended?
The Gambling Commission said in a statement on Friday morning that the operating licence of BetIndex Ltd, the Jersey-based parent company of Football Index, had been suspended following “an ongoing section 116 review into the operator, as we had concerns activities may have been carried out in purported reliance on the …
How do you trade in football?
Who are football insiders?
Welcome to Football Insider! A British football site that is on the NewsNow and Google News networks of trusted websites, our content is written and edited by professional journalists with the aim of bringing you the latest news and the best comment and analysis on the stories that matter.
How do I buy Roma stocks?
- First you need to open a share trading account.
- Deposit funds into your account.
- Find A.S. Roma on your chosen trading platform. Try searching its ticker name of ASR if you can’t find them.
- Choose the amount you want to invest.
- Invest!
How do I buy Manchester United shares?
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details.
- Research the stock.
- Purchase now or later.
- Check in on your investment.
Are any football teams publicly traded?
Which football clubs are publicly traded? Some examples of football clubs that are publicly available to trade on the stock market include Manchester United, Arsenal, Rangers, Borussia Dortmund and Juventus.
Is Football Index FCA regulated?
While Football Index was never regulated by the FCA, areas for improvement for the FCA have been identified, including in speed of response to requests from the Commission and consistency of messaging on regulatory responsibilities.
Who founded Football Index?
Football Index co-founder Adam Cole has sought to correct what he described as “inaccuracies” regarding the payments he and other BetIndex shareholders received before the operator collapsed earlier this year.
