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Gambling regulators in Canada have fined sportsbook FanDuel $350,000, accusing the company of failing to identify and report suspicious betting activity on international table tennis matches in 2024.
FanDuel, one of the largest betting platforms in the world, has been hit with a significant fine on Thursday. The popular sportsbook, rivaled by DraftKings and others for popularity in the United States and abroad,
The race for U.S. online sports betting dollars is tightening as FanDuel and DraftKings confront stronger pushes from BetMGM and Caesars. The two market leaders still hold the top spots, but the chase pack is closing the gap in key states and during peak sports months.