Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • 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

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 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

    Robots-Blog | Kreativität in Bewegung: Der modulare Roboter Otto von HP Robots

    March 21, 2025

    10 Great Gifts for Mom: Ideas for the Best Mother (2025)

    October 15, 2025

    Ways to Celebrate IEEE Day

    September 13, 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.