Online gambling firm fined nearly £500,000 for only checking winners’ credentials

Regulator fines TonyBet for imposing unfair terms on payouts, anti-money laundering failures and not checking for vulnerable customers

An online betting firm has been fined 442,750 for demanding ID from winning punters before it would give them the cash, while failing to carry out similar checks on potentially vulnerable people depositing money.

The Gambling Commission punished TonyBet, which is based in Estonia but has a licence to operate in Great Britain, for imposing unfair terms and failures in anti-money laundering and social responsibility measures.