Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • 1000xResist Studio’s Next Indie Game Asks: Can You Convince an AI It Isn’t Human?
    • Efficient hybrid minivan delivers MPG
    • How Can Astronauts Tell How Fast They’re Going?
    • A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)
    • Double Dazzle: This Weekend, There Are 2 Meteor Showers in the Night Sky
    • asexual fish defy extinction with gene repair
    • The ‘Lonely Runner’ Problem Only Appears Simple
    • Binance and Bitget to probe a rally in RaveDAO’s RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Sunday, April 19
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Massachusetts regulators fine Fanatics, FanDuel, BetMGM, DraftKings and Caesars $80.5K for betting violations
    News

    Massachusetts regulators fine Fanatics, FanDuel, BetMGM, DraftKings and Caesars $80.5K for betting violations

    Editor Times FeaturedBy Editor Times FeaturedMarch 17, 2026No Comments4 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    Massachusetts regulators handed down $80,500 in fines to 5 licensed sportsbooks after uncovering eight separate violations tied largely to prohibited betting markets. The Massachusetts Gaming Fee authorized the fines in a unanimous 5-0 vote throughout its March 12 public meeting, saying the enforcement actions are supposed to strengthen operator compliance and reinforce shopper protections within the state’s authorized betting market.

    A lot of the instances concerned wagers that ought to by no means have been supplied below Massachusetts’ sports activities wagering catalog, together with restricted collegiate participant props and different impermissible betting markets.

    The biggest high-quality of the day went to Fanatics, which should pay $20,000 after providing wagers on a July 26, 2025 UFC bout involving Petr Yan. Massachusetts bars betting on athletes who actively promote or signify Russia or Belarus below present restrictions. Regulators stated Fanatics accepted 154 wagers totaling $1,086.76 earlier than the market was recognized and shut down.

    BetMGM obtained a $15,000 penalty tied to 2 separate incidents involving the identical fighter. In a single case, the sportsbook accepted 36 wagers totaling $849 on Yan’s November 23, 2024 combat. Within the different, no buyer bets had been taken, however state investigators had been in a position to place two test-account wagers totaling $22 earlier than the market was flagged.

    Massachusetts regulator pushes sportsbooks towards stricter compliance by way of fines

    Two further operators had been fined $10,000 every. Caesars Sportsbook’s penalty got here after it supplied wagers on the whole variety of pink playing cards issued throughout UEFA Euro 2024. That market generated six bets from three patrons with a mixed stake of $8,270.

    DraftKings was penalized for providing an impermissible dwell collegiate prop tied to Arizona participant Caleb Love’s factors complete throughout a March 23, 2025 males’s basketball sport towards Oregon. The corporate accepted 89 wagers totaling $1,655 earlier than voiding and resettling the bets.

    A number of smaller violations added to the whole. Fanatics obtained a separate $7,500 high-quality for providing bets on the 2025 Heisman Trophy winner, which drew 36 wagers totaling $545.70 earlier than being voided or rendered moot. BetMGM was fined $6,500 after accepting a $10 two-leg parlay that included a participant prop on UNLV receiver Ricky White’s receiving yards in an October 19, 2024 sport.

    DraftKings additionally obtained one other $6,500 penalty for selling a wager tied to Michigan operating again Blake Corum scoring a landing and Michigan profitable the nationwide championship. That market attracted 13 wagers totaling $457.80 earlier than the sportsbook canceled and refunded the bets.

    FanDuel obtained the smallest high-quality, $5,000, after itemizing an impermissible prop tied to Nebraska quarterback Jeff Sims’ passing yards in a September 9, 2023 sport towards Colorado. Regulators stated the market was accessible for roughly two days and accepted 9 wagers totaling $69.81 earlier than being eliminated.

    Though commissioners authorized all penalties unanimously, Commissioner Eileen O’Brien stated she would have most well-liked greater fines. “I might go greater on most of those,” O’Brien stated, whereas including that she understood the fee’s rationale and the will for consistency throughout instances.

    O’Brien additionally argued “I don’t assume the metrics ought to solely be evaluating ourselves to different jurisdictions.”

    Commissioner Nakisha Skinner pointed to bettering compliance efforts from operators. “I need to give credit score the place credit score is due,” Skinner stated, including that sportsbooks have “actually stepped up” their critiques and inner response protocols.

    Fee Chair Jordan Maynard framed the instances as proof that regulation works. “Pseudo regulated markets are what I’ve been calling them,” Maynard stated, contrasting Massachusetts with jurisdictions missing related oversight.

    He acknowledged that authorized sportsbooks give bettors recourse when errors occur. “When you’re within the authorized market, we are able to be sure that patrons are made complete,” he stated.

    Maynard added that enforcement is supposed to push the business towards stronger programs and transparency, together with new insurance policies requiring sportsbooks to notify bettors at least 48 hours before account limits are imposed. Regulators are additionally reviewing different compliance points, together with allegations that BetMGM sent marketing emails to individuals who may have been underage, as a part of broader oversight of sportsbook practices within the state.

    Featured picture: Massachusetts Gaming Fee / Canva

    The publish Massachusetts regulators fine Fanatics, FanDuel, BetMGM, DraftKings and Caesars $80.5K for betting violations appeared first on ReadWrite.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)

    April 19, 2026

    Binance and Bitget to probe a rally in RaveDAO’s RAVE token, which surged 4,500% in a week, after ZachXBT alleged RAVE insiders engineered a large short squeeze (Francisco Rodrigues/CoinDesk)

    April 19, 2026

    Mistral, which once aimed for top open models, now leans on being an alternative to Chinese and US labs, says it’s on track for $80M in monthly revenue by Dec. (Iain Martin/Forbes)

    April 19, 2026

    Airbnb launches a pilot in NYC, LA, and other cities that lets users to select from a range of boutique hotels alongside private homes in a bid to boost growth (Stephanie Stacey/Financial Times)

    April 19, 2026

    Anthropic’s Mythos adds to concerns about rising workloads for open-source maintainers, as many have already been dealing with a “crazy” number of bug reports (Chris Stokel-Walker/Bloomberg)

    April 18, 2026

    Salesforce announces Headless 360, an initiative that will give AI agents access to Salesforce’s platform capabilities through APIs, MCP tools or CLI commands (Michael Nuñez/VentureBeat)

    April 18, 2026

    Comments are closed.

    Editors Picks

    1000xResist Studio’s Next Indie Game Asks: Can You Convince an AI It Isn’t Human?

    April 19, 2026

    Efficient hybrid minivan delivers MPG

    April 19, 2026

    How Can Astronauts Tell How Fast They’re Going?

    April 19, 2026

    A look at the AI nonprofit METR, whose time-horizon metrics are used by AI researchers and Wall Street investors to track the rapid development of AI systems (Kevin Roose/New York Times)

    April 19, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    German synthetic data startup simmetry.ai secures €330k to tackle this key bottleneck holding back AI adoption

    February 14, 2026

    Battlefield 6 PC Specs Revealed — and Your 2019 Graphics Card Will Work

    August 28, 2025

    Today’s NYT Strands Hints, Answer and Help for Nov. 4 #611

    November 3, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.