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May 16, 2021
1:27 AM
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Reason for the initial suspension
It was right before the beginning of the March Madness college basketball tournament that the TEL announced the suspension of Action 24/7’s state license. This was the first time that a sports betting operator in the US regulated market had its license suspended.
The operator had self-reported 23 different incidents of debit card fraud that took place in the span of just over a week. TEL chairwoman Susan Lanigan suspended the license on March 18 after learning about the incidents. The next day, the full TEL board of directors voted to uphold the suspension.
Action 24/7 then filed for an injunction to restore its license, which the court eventually awarded because of the “immediate and irreparable harm” the operator would suffer from the continuing suspension, as well as the failure of the TEL to properly follow procedures. Its license is now fully restored after the TEL’s decision this week. all slot
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