Matchbook owner Triplebet has been hit with a whopping £740,000 fine by the UKCG. The reasons for suspending the license is ‘’serious failings’’ over it’s anti money laundering and social responsibility measures. 


The UK regulator are deeply concerned that the same owners Betting syndicate is the biggest customer. From November 2016 until the suspension of the license in August 2019, the syndicate used the exchange to match bets totalling £44.7m.


With regards to the terms of social responsibility, Matchbook allowed a player who was self excluded to re-open his account six months later.


The gaming commission chief executive Neil McArthur commented, "We have repeatedly made it clear that operators must put player protection at the forefront of their activities and ensure that they have effective anti-money laundering processes in place.  "We will not hesitate to use our regulatory powers, including the suspension and revocation of licences, if we need to do that to protect consumers and the public from gambling related harm.


"Any operator that doubted that we were ready and willing to use the full range of our regulatory powers should think again. All operators need to learn the lessons from this case and our other enforcement cases."





With regards to the above, we have no concerns about the syndicate trading on the betting exchange. Afterall, most exchanges use market makers to generate interest, and in our opinion it’s fair game!


The self-exclusion is a different matter, but we are aware people can choose to self exclude themselves for a certain amount of time. In fact, with Skybet a player can re-open their account by calling them and waiting (cooling-off) 24 hours. Typically, a self-exclusion agreement lasts anywhere from six months to five years, and by signing up with Gamstop.co.uk the player can exclude themselves from all licensed operators simultaneously.





The main beneficiary of Triplebet is Matthew Benham, he also owns Smartodds. In the about us section of the website:


Smartodds is a privately owned company providing statistical research and sports modelling services to customers, including professional gamblers. Our employees are based in North London with a number of consultants based globally.


Like with the Tony Bloom owned Star Lizard, the company was set up to provide data services to the betting syndicate owned by the same group. With all due respect, this is nothing more than business structuring!


However, Benham’s involvement goes beyond Triplebet, Matchbook and Smartodds, because he also owns Brentford and Midtjylland (Danish champions) football clubs! 


To be frank, we would be a lot more concerned about insolvent in those two football clubs. Afterall, they are privy to inside information. On the stock exchange, it’s the illegal practice of trading to one's own advantage through having access to confidential information.





Call it what you will, but for us Matchbook is nothing more than a glorified betting broker. In the main, the betting exchange is out to gain extra commission for bets with Asian bookmakers


For the record, Matchbook literally takes it’s supply of odds from Pinnacle,IBC,ISN, SBO, M8bet, Singbet and a few more. By doing so it offers a single point of entry to global market liquidity!


Brokers who offer a similar service receive turnover/profit commission from the same bookmakers, it’s no different for Matchbook. It’s a great module if you think about it has the exchange is getting paid commission (bookie + matchbook user) twice. 


Furthermore, the syndicate can use the exchange to negotiate it’s own bets, for us that’s no different to Paddy Power/Betfair doing the same!





For the record, the same owners have a betting solution for high rollers and professional gamblers, namely 3et.com. In their own words they offer unrestricted betting, market leading odds and no commission. 3et are licensed in Alderney, and accounts are by invitation only. 



Ready to take your betting seriously - admin@betting-analyst.com