Following YouTube and Twitch, Meta was fined 5.85 million euros in Italy for violating gambling advertising ban.
According to Reuters, the Italian Telecommunications Regulatory Authority (AGCOM) said in a statement that Meta was fined 5.85 million euros for violating the gambling advertising ban (Naijatechnews note: currently about 46.039 million euros)
AGCOM said its investigation revealed that promotional material or other advertising for betting or games involving money, including indirect advertise .
Italy has banned gambling advertising since 2018, and the ban applies to all media, including social networks .
Earlier this month, AGCOM announced fines against Google-owned YouTube and Amazon-owned Twitch for violating the ban. YouTube and Twitch were fined 2.25 million euros and 900,000 euros respectively.
The investigation revealed that more than 80 YouTube and Twitch channels contained more than 20,000 videos promoting slot machines, gambling, sports betting and scratch cards.
AGCOM believes that Google and Twitch are responsible for distributing these videos because they were posted by third parties with whom these companies have commercial partnerships.
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