Colorado: MaximBet parent fined $80K for 16 days of missed geolocation checks

Colorado: MaximBet parent fined $80K for 16 days of missed geolocation checks

Article brief provided by Sports Handle
  • Jeremy Balan, Sports Handle
April 21, 2022 10:21 PM
  • Jeremy Balan, Sports Handle

Through a stipulation agreement with the Colorado Division of Gaming, Carousel Group, the operator of MaximBet, has been fined $80,000 for an error that allowed bettors from outside the state to place online sports wagers during a 16-day window in December.

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According to the stipulation agreement – which was filed with the Colorado Limited Gaming Control Commission (LGCC) and unanimously approved by the commission Thursday – from Dec. 1 to Dec. 16, sports bettors were able to place wagers through the MaximBet website without being geolocated, which allowed wagers outside of Colorado, in violation of state law.

MaximBet self-reported the issue to the Division of Gaming on Dec. 23, after a bettor made a call to the operator’s customer service department Dec. 18, “because he was unable to place a wager due to a failed location check.