Bodugi get licence suspended

Social betting operators Bodugi have had their licence suspended by the UK Gambling Commission after complaints that users could not access their money. Bodugi’s lack of dialogue with the regulator has forced the Commission to suspend the operating licence.

In a statement, the regulator said: “The Gambling Commission has commenced a review under section 116 of the Gambling Act 2005 and, under section 118 of the Act, has decided to suspend Operating Licence No 028788-R-310237-001 (Bodugi Limited) whilst that review takes place. The suspension is an interim measure, the need for which will be kept under consideration whilst the review takes place.

“This step has been taken as a precautionary measure in the light of concerns which have been brought to the Commission’s attention about the ability of customers to withdraw their funds from Bodugi and the lack of response to the Commission’s requests to discuss our concerns. The Commission will make no further comment at this stage.”

Given the criticism that has come the Gambling Commission’s way over the failure of Canbet, it is perhaps not surprising that the regulator has moved in this way.