FANTASY SPORTS COMPANY AGREES TO PAY $30,000 FOR UNLAWFULLY OPERATING IN NJ
New Jersey's two-year-old fantasy sports legislation has claimed its first victim.
On Aug. 22, Attorney General Gurbir S. Grewal along with the Department of Consumer Affairs declared Minneapolis-based SportsHub had consented to pay a $30,000 penalty for unlawfully operating a fantasy sports site from the state.
SportsHub includes a license to operate fantasy sports matches in NJ. It still accepted customers for many of 2018 from NJ it didn't and was needed to though.
In reality, SportsHub did not submit an application for a permit until more than a year after NJ handed the 2017 Fantasy Sports Act and near seven weeks after the Feb. 6, 2018 deadline to apply for a license or cease operating from the nation.
SportsHub functions fantasy sports competitions under the names:
An NJ Division of Consumer Affairs investigation demonstrated more than only the fact SportsHub failed company
with no permit in NJ.
The analysis showed SportsHub failed to disclose many things such as:
The investigation also disclosed SportsHub violated the Consumer Fraud Act in a variety of ways.
By neglecting to disclose it stocks its clients' private information for advertising purposes without permission. Secondly, by falsely advertising on its own Leaguesafe online payment system site that it is"the only dream sports consumer protection service in the world."
The Consumer Affairs division found Leaguesafe maintained two different Privacy Policy and Terms and Conditions. This makes it confusing for customers to figure out which one they had agreed to when obtaining a SportsHub website.
SportsHub admitted to each of wrongdoing, agreed to change its business practices to resolve the issues, and pay a $30,000 penalty. The company agreed to comply with regulations and all NJ laws moving forward.
Acting Director ofthe Division of Consumer Affairs Paul R. Rodr??guez stated NJ will continue to keep a close eye on SportsHub and all fantasy sports operators:
SportsHub is your very first dream sports operator to be punished under the Fantasy Sports Act of NJ. The 2017 statute basically legalized and regulated fantasy sports.
Fantasy sports is different from conventional sports. Fantasy sports players assemble teams composed of pro athletes and input the groups daily or season-long real-money competitions using the athletes' personal statistics to keep score. It, consequently, operates in another sphere separate from NJ casinos that are online , also.
Grewal stated the Fantasy Sports Act was developed to allow users shield and play them. He believes it is working:
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