Matchbook free to operate in UK again after licence suspension is lifted

Betting exchange Matchbook have had the suspension of their licence lifted by the Gambling Commission and are able to offer their services to customers in the UK again.

In February, Matchbook had to halt their business in the UK as part of a package of sanctions for social responsibility and money laundering failings following a two-year review by the industry regulator.

In April Matchbook's owner Triplebet was ordered to pay a £740,000 fine by the Gambling Commission, with its licence remaining suspended until it could prove it had carried out the required remedial measures.

However, the commission now says Matchbook have implemented those measures.

Matchbook said they had made "significant improvements" to their compliance practices and were confident that they were "among the very best in the industry".

A spokesman said: "This announcement marks the culmination of many months of hard work and investment across our entire business.

"We're 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."

Mark Brosnan stepped down as Matchbook's chief executive in June after seven years, with chief financial officer Farzad Peyman taking over on an interim basis.

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