How Did An Australian Trader Get BetMGM Fined In New Jersey?

BetMGM has been fined $25,000 for taking bets on New Jersey college basketball games. The trader from Australia, Entain, failed to recognize Rutgers as an NJ college.

BetMGM took two bets on a Metro Atlantic Athletic Conference game between Niagara University and Marist College, due to be played in Atlantic City, but the system was not working and the trader responsible was removed from the trading operations team.

The parlay market was up for around eight hours on BetMGM and Borgata before being pulled. The trader was given a verbal warning and retrained in New Jersey rules. BetmGM agreed to a settlement to pay the $25,000 fine.

New Jersey banned college betting last year. Voters rejected the proposal. Twelve other states also ban betting on in-state college games.

Penn National recently came under criticism for its plan to build a North America trading team in Gibraltar.