The social betting operator Bodugi.com has had its gambling licence revoked by the UK Gambling Commission, CalvinAyre.com reports.
A two month investigation found Bodugi in continuing breach of its licencing conditions. The brand was allegedly uncooperative with investigators, who were addressing allegations of refused pay-outs.
Originally citing customer complaints regarding an inability to withdraw funds, the Gambling Commission subsequently found Boudigi “unresponsive” and suspended their license. This action was described as “a precautionary measure.”
This suspension lasted for the duration of the Commission’s review, after which it was decided to uphold the initial customer complaints. As a result, Bodugi’s licence was withdrawn yesterday.
Bodugi sources have attributed these events to the sale of the company’s B2C operation to Bet Butler in order to concentrate on its trade as a supplier.
Bodugi was founded in 2010 by “professional punter” Dave Nevison and former presenter/producer at Racing UK Michael Wilson.
The brand was envisioned as a social sports betting site where players bet against friends or other members of the site’s network while competing over a leader board, while sharing ‘banter’ via a forum.
It is unclear as yet what will happen to customer funds already invested in Bodugi.