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WorldPay Fined For 13 Days Of Unlicensed Operation In Colorado

Payment processing company handled more than $9.8 million in transactions after license expired

Jeremy Balan by Jeremy Balan
June 16, 2022
in Regulation
WorldPay

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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.

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. By April 12, the Division of Gaming and WorldPay had β€œcorresponded,” but the company β€œdid not initiate any procedures to cease its operations that required licensure by the commission,” according to the agreement.

On April 13, the Division of Gaming issued a notice to sports betting operators that WorldPay was not licensed and “any operators using [WorldPay] for processing sports betting transactions were … in violation of Colorado state law.” WorldPay filed a vendor application the same day. On April 15, WorldPay ceased operations in Colorado, and the commission approved its license application request April 21.

According to the agreement, 21 sportsbooks were affected by the WorldPay shutdown, including Barstool, Betfred, BetMGM, Caesars, Circa, DraftKings, FanDuel, PlayUp, PointsBet, and WynnBET.

Details of sanctions

The $130,000 fine was based on $10,000 per day of violation, but only $65,000 is due within 10 days of the LGCC’s signoff on the agreement. The other $65,000 will be held β€œin abeyance” for two years and will be paid if WorldPay is found to be in violation of Colorado law during that time. The agreement also requires WorldPay to audit its β€œinternal licensing protocols” and submit a plan to the Division of Gaming to prevent future issues.

Joseph Watkins, a representative for WorldPay who participated in the LGCC meeting Thursday, said the company β€œwanted to make clear to these licensees that are doing legal activities in the state of Colorado that we were not supporting illegal operations in Colorado, but that we had failed to renew our license in a timely manner, and therefore could not continue to operate.”

LGCC Chairman Richard Nathan pushed back on that characterization.

β€œThis commission is charged … with maintaining public confidence and trust in sports betting, by strict regulation,” Nathan said. β€œTherefore, when someone operates without a license, we have an obligation … to act. And that operation is a violation of law.

“Contrary to the statement that there is no accusation of wrongdoing … you were knowingly operating during several days without a license and are now conceding that, admitting to wrongdoing, and admitting to violations of Colorado law. … I just wanted to make clear to you that this is not a mere administrative matter.

β€œIt is a matter we take seriously. Otherwise, you wouldn’t have been in the discussions you were in with the attorney general’s office and the staff of the [Division of Gaming] that gave rise to this stipulation.”

After some more discussion, Watkins said, β€œYou have my commitment this will never happen again.”

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Jeremy Balan

Jeremy Balan

Jeremy Balan has been a journalist, editor, and sports writer since 2007. After years covering prep, college, and pro sports for online and print media, he focused on turf writing at BloodHorse from 2015-2019 and won an Eclipse Award for his coverage of the devastating fire at San Luis Rey Training Center. Contact Jeremy on Twitter (@jeremybalan) or through email at [email protected].

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