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CG Technologies Fined a Third Time and Ordered to Disband Sports Betting Platform

Written by:

Guest

Published on:

Aug/13/2018

Sports betting technology provider CG Technology (CGT) was fined a third time and settled to pay $250k for a variety of infractions for a variety of infractions that included allowing those from outside the state of Nevada to place wagers in violation of the law.

The out-of-state wagers were placed between 2016 and 2017 and were self-reported to the regulator by the company.

CGT was also found to have improperly configured a retail betting terminal, allowing players to place bets using odds that were different from those displayed.

Federal regulators had previously hit CGT with a $22.5m penalty or its connections to illegal gambling and money laundering operations in 2016.

The company was also ordered to disband its sports betting platform.

- Aaron Goldstein, Gambling911.com

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