Flutter’s Paddy Power, Betfair Fined £2 Million by UK Regulator
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Flutter Entertainment Plc brands Paddy Power and Betfair have been fined £2 million ($2.7 million) after a UK Gambling Commission investigation found they hadn’t identified potential problem gambling quickly enough.The probe found that customer-protection systems failed to flag clear indicators of harm quickly enough, allowing several customers to deposit large sums or gamble intensively without timely intervention, according to a Gambling Commission statement on Wednesday.