Bet365 Fined $33K for Unapproved Betting Practices

Reported about 1 month ago

New Jersey regulators have fined sports betting firm bet365 $33,000 for accepting wagers on events where the outcomes were already known and on unapproved games. This marks the second disciplinary action against the British company in just over two months, highlighting issues including mistakenly taking bets on past events and altering payout odds without consent. Bet365 attributed the errors to human mistakes and software malfunctions but has since retrained its staff.

Source: YAHOO

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