FANTASY SPORTS COMPANY AGREES TO PAY $30,000 FOR UNLAWFULLY OPERATING IN NJ

New Jersey dream sports law has claimed its first victim.
On Aug. 22, Attorney General Gurbir S. Grewal along with the Department of Consumer Affairs announced Minneapolis-based SportsHub had consented to pay a $30,000 penalty for unlawfully operating a fantasy sports site in the state.
SportsHub now has a permit to run fantasy sports. It still accepted clients from NJ it didn’t and was needed to at the 25, even though.
In fact, SportsHub failed to apply for a permit until more than a year following NJ passed the 2017 Fantasy Sports Act and close to seven weeks following the Feb. 6, 2018 deadline to either apply for a license or cease operating from the state.
SportsHub functions fantasy sports competitions under the names:
An NJ Division of Consumer Affairs investigation actually shown more than only the fact SportsHub failed business in NJ.
The investigation showed SportsHub failed to disclose a few things for example:
The analysis also disclosed SportsHub violated the Consumer Fraud Act in various ways.
Primarily it shares its clients’ personal information for marketing purposes. Second, by falsely advertising on its own Leaguesafe online payment method website it is”the sole fantasy sports consumer protection service in the world.”
The Consumer Affairs branch found Leaguesafe maintained two different Privacy Policy and Terms and Conditions. This made it confusing for consumers to find out which one they had consented to when obtaining a SportsHub site.
SportsHub confessed to all wrongdoing, agreed to alter its business practices to solve the issues, and pay a $30,000 penalty. The company also agreed to comply with NJ legislation and regulations moving forward.
Acting Director of the Division of Consumer Affairs Paul R. Rodr??guez said NJ will continue to keep a close eye on all of fantasy sports operators and SportsHub:
SportsHub is your first fantasy sports proprietor to be penalized under the Fantasy Sports Act of NJ. The 2017 statute regulated fantasy sports and basically legalized.
Fantasy sports differs from traditional sports betting at New Jersey. Fantasy sports players assemble teams made up of pro athletes and input the groups in daily or season-long real-money competitions utilizing the athletes’ personal statistics to keep score. It, consequently, operates in a different world separate from NJ casinos .
Grewal stated the Fantasy Sports Act was designed to let users play and protect them. He believes it’s working:

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