TN’s Action 24/7 becomes first operator to receive US license suspension
Tennessee-based sportsbook Action 24/7 has become the first US online betting operator to have its license suspended, after the Tennessee Education Lottery took action following suspicious player activity including proxy betting and credit card fraud.
The decision was made at an emergency meeting of the Tennessee Education Lottery, which acts as the state’s regulator.
The operator informed the Lottery of suspicious activity from Action 24/7 accounts. The Lottery’s sports betting investigator Danny DiRienzo looked into this activity, and found evidence of one player who made 184 different deposits – some of more than $10,000 – from seven credit cards, none of which used his name, before withdrawing after “very little gameplay”.
“This was clearly a case of money laundering,” he said. “It was clearly a case of aggravated identity theft, clearly a case of wire fraud.”