FanDuel Gets Hit with $350,000 Fine by Alcohol and Gaming Commission of Ontario
FanDuel has been fined $350,000 by the Alcohol and Gaming Commission of Ontario for failing to properly monitor and report suspicious betting activity tied to potential match-fixing concerns in table tennis.
The fine brings the total ACGO-imposed penalties to over $1 million in the past year.
According to the AGCO, FanDuel ignored multiple warning signs associated with match-fixing and accepted over 144 bets from three Ontario players on Czech Table Tennis Star Series matches between October 23 and November 30, 2024.
As a result, the Canadian regulator found that FanDuel failed to meet its regulatory obligations, allowing betting on the affected events to continue for several weeks despite potential integrity concerns.
FanDuel Ignored Several Match-Fixing Indicators
Part of the reason FanDuel was fined such a hefty amount was that the ACGO found it failed to report and respond to several red flags associated with unusual betting activity.
The warning signs included unusual shifts in wagering behavior and betting lines, a heavy concentration of bets on athletes losing their matches, a near-perfect win rate across the accounts involved, and synchronized betting activity between the three aforementioned bettors.
“In an era of heightened scrutiny on sports integrity, igaming operators must be vigilant and proactive in detecting suspicious betting activity and taking appropriate steps to protect their patrons,” said Dr. Karin Schnarr, Chief Executive Officer and Registrar of the AGCO. “We will continue to hold all regulated operators accountable to these standards. Protecting fair play is essential to maintaining public trust.”
FanDuel Has 15 Days To Appeal The Penalty
FanDuel has 15 days to appeal the penalty to the Licence Appeal Tribunal, an independent adjudicative body within Tribunals Ontario.
Ontario’s regulated gaming operators are required to monitor betting activity and report unusual or suspicious patterns to Independent Integrity Monitors (IIMs). Failure to report suspicious activity can undermine integrity efforts across the global sports betting market to detect match-fixing.
The AGCO said it will continue monitoring Ontario’s regulated igaming operators to ensure compliance with integrity requirements and to uphold a fair, transparent betting environment for all players.
The regulator has also issued six-figure fines to several other operators, including Great Canadian Casino Resort Toronto, Great Canadian Entertainment, BetMGM Canada, theScore, and more.
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