Pennsylvania regulator fines BetMGM over weak fraud detection controls
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Pennsylvania gaming regulators have levied a $100,000 fine against BetMGM after concluding the company did not have strong enough safeguards in place to prevent fraud on its online betting platforms.
The penalty was approved during the board’s public meeting on March 25 and stems from a consent agreement negotiated with the agency’s Office of Enforcement Counsel following an investigation into BetMGM’s account monitoring and identity verification practices.
Fraud rings exploited gaps in id
The penalty was approved during the board’s public meeting on March 25 and stems from a consent agreement negotiated with the agency’s Office of Enforcement Counsel following an investigation into BetMGM’s account monitoring and identity verification practices.
Fraud rings exploited gaps in id
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