Sports betting firm bet365 fined $33K for taking bets after outcomes were known
New Jersey gambling regulators have levied a $33,000 fine on sports betting company bet365 for taking bets on games in which the outcome was already known, and on games that were not approved for betting
ATLANTIC CITY, N.J. — New Jersey gambling regulators have levied a $33,000 fine on sports betting company bet365 for taking wagers on events in which the outcome was already known, and on games that were not approved for betting.
The state Division of Gaming Enforcement revealed Wednesday that the company had numerous instances in which it mistakenly accepted bets on games in which a particular thing had already happened.
In one case, it took bets on a mixed martial arts match that had already been held a week earlier, and was being shown on tape.
The company did not respond to messages seeking comment Thursday and Friday.
It was the second disciplinary action New Jersey regulators took against the British company in just over two months.
In July, the gaming enforcement division ordered bet365 to refund $519,000 to customers who won bets but were paid less than they were entitled to when the company unilaterally changed the odds when making the payouts.
In that case, the company told New Jersey regulators they changed the odds due to “obvious error.” But the acting head of the enforcement division noted that any company wanting to void or alter a payout must seek approval from the agency before doing so, adding bet365 did not do so.
The most recent fine involves events beginning on Feb. 3, 2022, when the start time of a college basketball game between Louisiana-Lafayette and Arkansas-Little Rock was moved up by an hour, but pre-match odds remained in place.
Similar pre-match odds were available two weeks later on a
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