PMU hit with €900,000 fine by French Competition Authority

French horseracing giant in hot water after failing to separate online and retail bets

The French Competition Authority has handed horseracing giant Pari-Mutuel Urbain (PMU) a €900,000 fine for failing to separate online and retail bets. In France, online betting has been open to competition since 2010, while betting at a physical point of sale is already under the monopoly of PMU. Complaints made against PMU argued the firm…

Compliance | Finance | French Competition Authority | Horse racing | Pari Mutuel Urbain (PMU) | Regulation | Sports betting