PointsBet fined $25,000 by New Jersey Gaming regulator

Regulation

PointsBet US committed three different types of violations of New Jersey sports betting laws, according to gambling regulators who fined the company $25,000.

The fine was imposed Aug. 23, but details of the case were not released by the New Jersey Attorney General’s Office until Tuesday, nearly two weeks after The Associated Press requested them.

According to a posting on the website of the state Division of Gaming Enforcement, the agency reached a settlement with PointsBet under which the Denver-based company was to pay a $25,000 fine.

The company told regulators “that it did not have an automated process in place to review the accuracy and timeliness of published markets,” according to the division.

“PointsBet stated that the ‘overwhelming’ number of matches offered through PointsBet made it ‘unrealistic’ to check and verify each event and the market offered for wagering,” the division wrote in a document outlining the charges against the company.

The division added that PointsBet attributed the problem to “an unresolved communication issue” between itself and a third-party data feed provider.

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