Fanatics Betting and Gaming will be fined for accepting improper bets earlier this year.
The Gaming Commission agreed to a $15,000 fine for Fanatics Betting and Gaming for allowing a bet on an in-state college earlier this year. The college was included as a leg of a losing parlay.
The Investigations and Enforcement Bureau (IEB) suggested the fine after an investigation of the incident.
Fanatics Fined For In-State College Wager
Zachary Mercer, counsel for the IEB, reminded the commission that Fanatics allowed one user to include an in-state college in a $2 parlay on Dec. 13, 2023. The mistake was identified before the event started and that leg of the parlay was cancelled.
The IEB notified the commission of the error on Feb. 1, 2024,
As outline…