Why is PointsBet Canada facing a registration suspension from the AGCO?

PointsBet Canada is facing a proposed five-day suspension because it allegedly failed to report suspicious wagers related to a 2024 betting scheme involving former Toronto Raptors player Jontay Porter.

What was Jontay Porter involved in?

Jontay Porter was involved in a 2024 insider-betting scheme where he deliberately underperformed in games, allowing conspirators to profit from bets on his poor performance.

Has PointsBet Canada been sanctioned before?

Yes, the AGCO has previously sanctioned PointsBet Canada for violations concerning advertising and responsible gaming standards.

Home / Crime and Justice / Ontario Regulator Seeks PointsBet Suspension Over Unreported Bets

Ontario Regulator Seeks PointsBet Suspension Over Unreported Bets

13 Feb

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Summary

AGCO proposed a five-day suspension for PointsBet's Canadian subsidiary.
Suspension stems from failure to report suspicious wagers on Jontay Porter.
PointsBet considers appealing, citing unintentional error and compliance record.

Ontario Regulator Seeks PointsBet Suspension Over Unreported Bets

Ontario's Alcohol and Gaming Commission (AGCO) has proposed a temporary five-day suspension for PointsBet Canada's registration. This action marks the first time the regulator has moved against a sportsbook since Ontario fully legalized online sports wagering in 2022. The AGCO's decision is based on allegations that PointsBet Canada failed to report suspicious wagers connected to a 2024 betting scheme involving former Toronto Raptors player Jontay Porter.