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
Odds for various sporting events are posted in a casino sports book in Atlantic City N.J. on March 8, 2019. On Aug. 2, 2024, 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.
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. That same day, bet365 took bets on two mixed martial arts fights after they had concluded, according to the state.
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