6 December 2024: Public Statement regarding Metagrow Solutions Limited

Metagrow Solutions Limited (“Metagrow”) was licensed by the Isle of Man Gambling Supervision Commission (the “Commission”) in terms of section 4 of the Online Gambling Regulation Act 2001 (“OGRA”) on 2 March 2023.

The Commission considers that it is in the public interest and in furtherance of the Commission’s regulatory objectives as set out at section 5(2) of the Gambling Supervision Act 2010 that the Commission issues this statement to advise stakeholders that further to section 13(1) of OGRA, the Commission cancelled Metagrow’s licence on 6 December 2024 because the Commission was no longer satisfied that Metagrow was under the control of a person of integrity.

Prior to cancelling Metagrow’s licence the Commission had suspended the licence on 12 November 2024.

Section 5(3)(e) of the Gambling Supervision Act 2010 states that the Commission, in discharging its functions, must have regard to the need to safeguard the reputation of the Island.