In March 2021, the playing web site Soccer Index – the self-styled “inventory market” of soccer – encountered the final of a number of crashes within the “share” costs on its trade after which collapsed into administration, with at the least £100m of shoppers’ cash in “open bets” trapped inside. A lot of its customers suffered life-changing losses, of five- and even six-figure sums, and relationships and households additionally fell aside beneath the pressure. It was, and stays, essentially the most spectacular and costly collapse in Britain’s playing trade.
Within the days and weeks that adopted,…