Business
The regulatory authority in Massachusetts expressed its frustration over the betting violations committed by DraftKings
The Massachusetts Gaming Commission (MGC) commissioners expressed their frustration regarding DraftKings’ betting violations.
DraftKings voluntarily reported to the Commission when it discovered that it had offered bets on the tennis UTR pro-series, an event not approved for betting in the state.
The MGC’s Investigations and Enforcement Bureau (IEB) conducted an investigation into the matter, revealing that the wagering occurred over a 12-day period from March 10 to March 22.
A total of 864 bets were placed on three events, amounting to $7,867 in handle.
DraftKings attributed the error to a “miscommunication” between its trading and trading compliance teams.
The mistake happened when the operator copied a list of tennis offerings from another jurisdiction without verifying if the event was approved in Massachusetts.
Upon discovering the issue, DraftKings refunded the stakes to the players, removed any winnings, and reimbursed any losses.
The UTR pro-series markets were also removed from the platform, and the operator instructed its trading team to submit all new market requests to the compliance team for approval.
Expressing their frustration, multiple Commissioners of the Massachusetts Gaming Commission (MGC) raised concerns over DraftKings’ conduct despite acknowledging the operator’s self-reporting of the issue.
Commissioner Eileen O’Brian expressed frustration, questioning whether the operator’s failure to check the book in Massachusetts was due to benign neglect or something else.
Chair of the committee, Cathy Judd-Stein, echoed this sentiment, emphasizing the need to ensure such practices do not continue and that operators are fully aware of the Commission’s serious stance on such violations.
Judd-Stein acknowledged DraftKings for self-disclosure, appreciating their action and noting the Commission’s recognition of this in the past.