BetMGM Fined $100K by PGCB Over KYC Issues

(AsiaGameHub) –   The Pennsylvania Gaming Control Board (PGCB) has imposed a $100,000 fine on BetMGM for violations linked to fraudulent activities that occurred between 2023 and 2024.

BetMGM’s verification processes were found to be inadequate, enabling individuals to create accounts using stolen identities and deposit funds via compromised payment methods. The fine was a result of BetMGM’s failure to implement sufficient safeguards against fraudulent activity.

Additionally, the PGCB issued prohibitions against 16 individuals from engaging in gambling, with some of these cases involving instances where minors were left unsupervised at physical casino locations.

This incident marks another compliance issue for BetMGM in Pennsylvania. Earlier this year, the operator incurred a $260,905 fine for allowing self-excluded individuals to gamble. Furthermore, BetMGM has faced penalties in Massachusetts for offering unauthorized betting markets and for marketing to underage individuals.

This latest fine underscores the ongoing regulatory pressure on operators to enhance their Know Your Customer (KYC) controls and mitigate fraudulent activities on their platforms.

BetMGM declined to provide a statement regarding the findings.