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Petfre Gibraltar fined £2.87m by Britain’s Gambling Commission

28th September 2022 8:58 am GMT
Betfred
Greentube

Gibraltar-based online gambling operator Petfre, operator of the Betfred.com and oddsking.com brands, has been fined £2.87m by Britain’s Gambling Commission.

The financial penalty and official warning follow a review by the Gambling Commission, which found that the operator failed to comply with anti-money laundering legislation and social responsibility code of practice between October 2019 and December 2020.

During that time, one customer was allowed to lose £70,000 over a 10-hour period within a day of opening their [...]

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