Italy Fines Meta $6.45 Million for Breaching Ban on Gambling Ads

Meta Platforms, the parent company of Facebook, has become the latest tech company to be fined in Italy for breaches of a ban on the advertising of gambling. Meta has been fined 5.85 million euros ($6.45 million) in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content which promoted either betting or games with cash prizes, communications watchdog AGCOM said in a statement.