The Tennessee Lottery has revoked Action 24/7’s sports betting licence due to suspicious player deposit behaviour.
The decision was taken to secure the public interest, according to lottery official Dave Smith, with Action 24/7’s licence due to be withheld until minimum internal control standards are in place to deter any criminal conduct.
The suspension could not have come at a worse time for Action 24/7 and Tennessee sports bettors, as it came just as March Madness was getting underway. The provider also reported to have put in place new measures to prevent any further violations.
Smith explained in a statement: “Due to exigent circumstances, the risk to the integrity of sports wagering in Tennessee and to protect public interest, today the Sports Wagering Committee and the Board of Directors of the Tennessee Education Lottery voted to ratify and continue the temporary suspension of Tennessee Action 24/7 LLC’s sports gaming operator license.
“The license is suspended until Lottery staff receives sufficient verification that minimum internal control standards are in place to prevent potential illegal activity.”
“The Board today indefinitely suspended 24/7’s sports betting operator licence for suspicious player deposit activity,” read a statement from Action 24/7. The suspected behaviour was soon discovered by Action personnel, and the affected player accounts were immediately suspended.
“Action instituted additional controls to curb the activity, and no further such activity has occurred since. Yet, the Board relied upon unfounded fears of future speculative recurrences of the activity, and took draconian action just as the NCAA Tournament is beginning.
“Obviously, we are disappointed in the Board’s decision, but we will continue to work with TEL staff and seek all other avenues of relief to have the suspension lifted quickly so that the people of Tennessee may continue to enjoy wagering on the Action 24/7 network.”