If playback doesn't begin shortly, try restarting your device. You're signed out. Videos you watch may be added to the TV's watch. Football Index is an innovative platform that allows fans to become traders on a football stock market, using their knowledge of the game to make money. This overview explains how it works, includes Football Index referral code information, sign-up details, tips and advice. Please note that, unlike matched betting, Football Index is gambling.

A drastic restructure to betting platform Football Index has left users angry and frustrated, with a crash in share prices following what the company deemed a “necessary” change.

What is Football Index?

Licensed by the UK Gambling Commission, Football Index allows users to “buy” and “sell” shares in footballers in a platform self-styled as a combination of fantasy football, stock markets and betting.

Users have the chance to earn daily and monthly payouts, known as dividends, based on a footballer’s future performances both on the pitch and in the media.

What did Football Index announce on Friday?

On Friday evening, Football Index – who sponsor Championship clubs Nottingham Forest and Queens Park Rangers – informed traders that the market would be temporarily suspended from 6.30pm GMT until 7am the following morning on Saturday.

Later on Friday, CEO Mike Bohan, writing on behalf of the Football Index Board, told traders there would be a divided reduction and restructure.

“In consultation with our legal and financial advisors we have had to make the very difficult decision that in order to ensure the long-term sustainability of the platform we simply must reduce Dividends,” he said.

The company gave 30 days’ notice for the changes to come into effect, but this news that the restructure would allow users to win a maximum divided of 6p in a single day – compared to 33p prior to the changes – prompted a market crash on Saturday when trading opened back up.

Share prices plummet

Among the more popular players on the platform, Erling Haaland was available to sell for £1.31 and buy for £1.52 as of Monday afternoon. The Borussia Dortmund striker was as low as £1.14 to buy and 76p to sell over the weekend, with the average offer previously being £7.49.

Football Index How It Works

Similarly, Manchester United midfielder Bruno Fernandes is at £1.30 to sell and £1.54 to buy at the time of writing, a drop from £5.62.

Users voice frustration

Users took to Twitter to voice their discontent with the restructure. One user claimed their life savings were “up in smoke”, with others left angry or feeling “sick”.

How did Football Index respond to backlash and crash?

In a statement released on Saturday and addressed to traders, Football Index accepted the dividend announcement “has caused frustration and disappointment, and has been a stressful experience for many of you”.

Football Index said that the company has sustained “substantial losses” in recent months, adding that the board made the changes to “stimulate a market recovery”.

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The statement added: “Once it was clear that the reduction and restructure of dividends to the degree announced was necessary, we suspended placing issuance orders and announced the reduction and restructure to customers as soon as reasonably practicable.

“We will notify customers if and when these are put into operation again. There was no intent to mislead customers in these transactions, or in the announcement of a Q&A session.

“We would also like to stress that while we are aware of the fact that our latest announcement proved upsetting for many of you, we have a zero-tolerance policy with regards to abuse and threats to our employees. Any such behaviour will not be tolerated, and we will pursue all necessary measures should they arise.”

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Football Index How It Works Daily

After posting this statement on Twitter, Football Index disabled replies on their feed for the foreseeable future due to “personal threats”.