UK government Ministers are reportedly planning to launch an investigation into the collapse of ‘football player trading exchange’ Football Index.

The Times reported that legislators are ‘deeply concerned’ by the collapse of the operator, after users lost over £100 million following its crash into insolvency.

“This case further reinforces the need for our comprehensive review of gambling laws,” a government source told the outlet.

“This independent investigation into Football Index will feed into that work and if we need to make changes to regulation to protect people, we will.”

Football Index, the trading arm of BetIndex, was launched in 2015, marketing itself as a ‘football stock exchange’ where users purchased shares in active players, winning dividend payouts depending on a footballer’s on-pitch performance.