By The Weekly Edge desk · · Updated
IG Group has applied to the UKGC for a sports betting licence, EGR reported. The application follows its acquisition of US prediction market Underdog earlier this year.
IG Group’s sports betting licence application follows its acquisition of US prediction market Underdog.
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UKGC advises Bet St George customers who believe the operator owes them funds to contact BTG following the administrator appointment.
Both bookmakers have stopped operating and are surrendering UK licences following suspensions over suspected social responsibility and anti-money laundering failings.
BresBet and Bet St George face licence suspensions over suspected anti-money laundering and social responsibility failures.
UKGC licence suspensions affect Bet St George and BresBet, with Bet St George suspended five months after launch.
The UKGC suspended BresBet and Bet St George’s operating licences and identified operator failings as contributing to money laundering risks.
The settlement requires Rank Group’s casino operators to pay £5m and undergo independent scrutiny of their money laundering and safer gambling controls.