- Former employee makes claims in emails seen by the Guardian
- FI management was ‘fully aware there was a problem’
Executives of the failed online betting site Football Index were warned soon after its launch that its so-called “football stock market” would prove to be an unsustainable bubble similar to a Ponzi scheme, a former employee of the firm has said in emails seen by the Guardian.
The emails also suggest proposals to make the market more stable may have been rejected because of concerns about the possible impact on revenue and raise fresh questions for the Gambling Commission about its understanding of Football Index’s business model before issuing the firm with a betting licence in September 2015.
