Latest iGaming and regulatory news tagged Fine Penalty.
Newest first — automated coverage, tagged by market, brand and event.
The U.S. Commodity Futures Trading Commission (CFTC) has fined former New York Congressman George Santos and banned him from trading for three years after finding that he manipulated trades on the prediction market platform Kalshi. The penalty stems…
The UK Gambling Commission (UKGC) has published the findings of its license review into Evolution's £4.75 million regulatory settlement, detailing failures in anti-money laundering (AML) controls and third-party oversight. The regulator concluded that inadequate AML risk assessments, weak…
Canada's financial intelligence unit, FINTRAC, has imposed a fine of C$212,025 (US$149,700) on the Atlantic Lottery Corporation for violations of the country's anti-money laundering and anti-terrorist financing laws. The penalty, issued on May 29, follows a compliance review…
A Swedish administrative court has upheld enforcement measures taken by the country's gambling regulator against three licensees, affirming fines for anti-money laundering (AML) breaches. The operators had argued that the sanctions imposed by Spelinspektionen were disproportionate, but the…
The Dutch gambling regulator Kansspelautoriteit (KSA) has upheld its sanction against the prediction market platform Polymarket for offering illegal gambling services in the Netherlands. The regulator rejected an appeal lodged by Adventure One QS, the operator behind Polymarket,…
Australia's financial intelligence agency, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has entered into a binding agreement with online gambling operator bet365 requiring the company to overhaul its anti-money laundering (AML) controls. The regulatory action, announced by…
The UK's Advertising Standards Authority (ASA) has issued a warning to online casino operator Mr Vegas over a social media advertisement on Facebook that promoted four slot games, including 'PINK ELEPHANTS'. The ASA ruled that the ad featured…
The Alcohol and Gaming Commission of Ontario (AGCO) has issued a $120,000 fine against Great Canadian Entertainment (GCE) for using unauthorised gaming system software at four casinos in the province. The regulator announced the penalty on [date not…
The British Gambling Commission has imposed a fine of £122,835 on B2B gambling software provider Stakelogic BV for operating online casino slots that spun too quickly. The regulator found that the company used a manual stopwatch to measure…
The UK Gambling Commission has issued a financial penalty of £122,835 against Stakelogic BV, a gambling software business, for breaching responsible product design standards. The penalty relates to the company's operation of slot games that were found to…
