On Wednesday, the PGCB announced an agreement with BetMGM to fine the operator $100,000 for a failure to “prevent fraudulent behavior.” The fraudulent behavior took place while players used both the BetMGM and Borgata online gaming brands in 2023 and 2024.
The illicit activity included the creation and use of multiple player accounts by people using the identify of other individuals. A portion of the player accounts was also funded “using stolen or fraudulently obtained payment devices.”
The PGCB’s Office of Enforcement Counsel investigation into BetMGM’s “insufficient” know-your-customer protocols discovered the operator hosted four individual fraud rings.
One of the fraud rings operated for 29 months until November 2023 and used 119 fraudulent accounts to wager $895,092.
The PGCB’s probe identified 304 illicit accounts t..
