Fox Bet Fined for College Sports Betting Violations

Fox Bet Fined for College Sports Betting Violations

Fox Bet, a popular online sports betting platform, has recently been fined for college sports betting violations. The Pennsylvania Gaming Control Board (PGCB) issued a $1 million fine to Fox Bet for allowing bettors to place wagers on college sports games.

The violations occurred when Fox Bet allowed customers to place bets on college sports games, which is prohibited under Pennsylvania law. The PGCB found that Fox Bet had accepted wagers on college football and basketball games from customers in Pennsylvania. The PGCB also found that Fox Bet had failed to properly monitor its customers’ wagering activity and had not taken adequate steps to prevent underage gambling.

The PGCB’s investigation revealed that Fox Bet had accepted wagers on college sports games from customers in Pennsylvania between October 2019 and February 2020. During this time, Fox Bet had accepted more than $1 million in wagers on college sports games.

In addition to the fine, Fox Bet has agreed to implement a number of measures to ensure that it does not violate Pennsylvania law in the future. These measures include implementing a comprehensive compliance program, conducting regular employee training, and conducting regular audits of its compliance program.

The PGCB’s decision to fine Fox Bet for college sports betting violations serves as a reminder that gambling operators must comply with all applicable laws and regulations. Gambling operators must take steps to ensure that they are not engaging in any activities that are prohibited under state law. Failure to do so can result in significant fines and other penalties.