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 [...]
