Tennessee Action 24/7 Suing Over Suspended Sportsbook License

Tennessee sportsbook operator Tennessee Action 24/7 has filed a lawsuit against the Tennessee Lottery in response to the suspension of its sports betting license earlier this week.

In the lawsuit, the locally owned operator has challenged the regulatory process used to suspend its license. The suspension was handed out based on suspected debit card fraud, however, Tennessee Action 24/7 contests the level of fraud that investigators believe took place.

DiRenzo highlighted one instance where a player deposited $10 followed immediately by 184 deposits from seven other cards with seven different names. 124 of those deposits were successful allowing the player to place multiple small bets and then withdraw the winnings.

He stated that it was clear that the player was engaging in credit card fraud, money laundering, identity theft, or wire fraud.

Tennessee Action 24/7 is one of six sportsbook operators in the state and its suspension comes during one of the busiest periods of the year with the NCAA March Madness tournament in full swing.

Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.