Estimated Reading Time: 1 minutes
PointsBet, a prominent online sports betting firm, has been penalized $25,000 for breaching New Jersey sports betting regulations.
The New Jersey Attorney General’s Office unveiled the details of the fine, initially imposed on August 23, on Tuesday following a request from media.
New Jersey’s Division of Gaming Enforcement’s website indicates that a settlement agreement was reached, compelling the Denver-rooted company to pay the fine.
In one of the three infringements, PointsBet allowed bets on games that had already begun. The company cited the absence of an “automated process” to verify the accuracy and timing of its markets, attributing this oversight to communication issues with a third-party data provider.
In another violation, PointsBet accepted wagers on the St. Peter’s men’s basketball team, which is restricted from betting in New Jersey. This market was active for 55 minutes, gathering bets worth $60, which were later revoked due to human error.
Furthermore, in October 2021, PointsBet permitted betting on an esports event featuring an underage participant. The firm admitted to not checking competitor ages before listing such events but confirmed they’ve implemented measures to prevent future occurrences. PointsBet has refrained from commenting on the issue.