WorldPay fined $130K for 13 days of unlicensed operation in Colorado

WorldPay fined $130K for 13 days of unlicensed operation in Colorado

Article brief provided by Sports Handle
  • Jeremy Balan, Sports Handle
June 16, 2022 10:46 PM
  • Jeremy Balan, Sports Handle

The Colorado Limited Gaming Control Commission on Thursday approved a $130,000 fine agreed to between the state’s Division of Gaming and payment processing provider WorldPay stemming from the company’s operating without a license during 13 days in April.

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According to the agreement, WorldPay processed more than $9.8 million in transactions from April 3-15 for online sportsbooks in Colorado, which resulted in an estimated $14,737.21 in fees.

The agreement document states the Division of Gaming reached out to WorldPay in October, January, and February to inform the company that its vendor license would expire April 2 and it would need to reapply, but the regulator received no response.