Those are found to be registered with VPN won't account be penalized after knowing that those people uses VPN to bicut the registration. Most of the gambling only allows people to access site through their registered site anything more than this could restricted after knowing it's not their original countries and they signed up again using the original country they would get ban.
They definitely will get penalized - the ToS stated that aside being a citizen if you “reside” in any of those restricted country you’re no supposed to use the site and if you go ahead and bypass it by using a vpn you should be ready to face the consequences for your actions. And if anything happens you surely won’t be able to do anything about it because if was clearly stated but you decided to ignore and go on with it.
4 weeks is not a long time to wait - I’m currently on hold and waiting for them to extend so I can see if my country falls under those allowed so that I can finally create an account and see how the site works.