Bovada Complies With Tennessee Cease-and-Desist Order, But Fines Still Unpaid: Sports Betting Dime

Bovada, one of the leading online sports betting platforms, has recently complied with a cease-and-desist order issued by the state of Tennessee. However, despite their compliance, the fines imposed on the company remain unpaid.

The Tennessee Education Lottery, which oversees sports betting in the state, issued the cease-and-desist order to Bovada earlier this year for operating without a license. Bovada, known for its wide range of betting options and user-friendly interface, quickly stopped offering its services to Tennessee residents in response to the order.

While Bovada may have ceased its operations in Tennessee, the company has yet to pay the fines imposed on them for their unauthorized activities in the state. The exact amount of the fines has not been disclosed, but it is likely to be a significant sum given the size and reach of Bovada’s operations.

Despite the unpaid fines, Bovada remains a popular choice for sports bettors across the country. The company has a strong reputation for offering competitive odds, a wide range of betting options, and a user-friendly platform. However, their non-compliance with state regulations in Tennessee serves as a reminder that even the biggest players in the industry are not above the law.

The Tennessee Education Lottery has not yet announced any further actions against Bovada for their failure to pay the fines. It remains to be seen whether the company will settle the outstanding amount or face further consequences for their actions. In the meantime, sports bettors in Tennessee will need to look elsewhere for their online betting needs.