Forebet investigated by UK Gambling Commission

Allegations of betting irregularities prompt investigation

The UK Gambling Commission has launched an investigation into Forebet, a popular online sports betting company, following allegations of betting irregularities.

The allegations, which were first reported by the BBC, claim that Forebet has been manipulating its odds and betting markets in order to profit from customers' bets.

Forebet denies wrongdoing

Forebet has denied any wrongdoing and has said that it is cooperating fully with the Gambling Commission's investigation.

The company has also said that it is confident that it will be cleared of any wrongdoing.

Investigation ongoing

The Gambling Commission's investigation is ongoing and it is unclear at this stage how long it will take to complete.

However, the investigation is a serious matter and could potentially lead to Forebet losing its gambling license.

What is Forebet?

Forebet is an online sports betting company that was founded in 2009.

The company is based in Malta and is licensed by the Malta Gaming Authority.

Forebet offers a wide range of sports betting markets, including football, horse racing, and tennis.

What are the allegations against Forebet?

The allegations against Forebet are that the company has been manipulating its odds and betting markets in order to profit from customers' bets.

Specifically, the allegations claim that Forebet has been:

• Offering odds that are significantly different from those offered by other bookmakers
• Adjusting the odds on certain events after bets have been placed
• Suspending betting on certain events without explanation

What is the Gambling Commission's investigation?

The Gambling Commission's investigation is looking into the allegations of betting irregularities against Forebet.

The investigation is ongoing and it is unclear at this stage how long it will take to complete.

However, the investigation is a serious matter and could potentially lead to Forebet losing its gambling license.

What are the potential consequences for Forebet?

If the Gambling Commission finds that Forebet has been manipulating its odds and betting markets, the company could face a number of penalties, including:

• A fine
• The suspension of its gambling license
• The revocation of its gambling license

What should customers do?

If you are a customer of Forebet, you should be aware of the allegations against the company and the potential consequences.

You should also be aware of the steps that you can take to protect yourself, such as:

• Only betting with reputable bookmakers
• Checking the odds offered by other bookmakers before placing a bet
• Being aware of the terms and conditions of any betting offer