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Sportsbetting group American Wagering has been fined $60,000 from the Iowa Racing and Gaming Commission after its Caesars Sportsbook product was found to allow users to use credit cards on its website in violation of state wagering rules.
The sportsbook was found to have allowed 485 transactions worth $212,000 to be processed on their site on July 2021. The company has since adjusted course to not allow for the use of credit cards on its site. This isn't the first time a gaming company has been fined in Iowa, with FanDuel recently getting a $75,000 fine for violations of gaming rules.
If American Wagering is found to have additional violations down the line, they could face additional fines or license suspension.
Regarding the incident IRGC administrator Brian Ohoriko said, "It was discovered that there were a number of transactions that took place using a credit card. And so it was discovered at that time, a full audit was completed.
"Throughout certain periods in 2020, 2021, prepaid debit cards were purchased using a credit card and a number of those transactions were permitted and went through.
"We've heard some positive things from the different operators that have had problems and that they are taking steps to not only correct the action - but to develop procedures to audit these types of things - so that they're doing their own self-checks."