The Tennessee Sports Wagering Council has issued $50,000 in fines to Bovada.lv, an unlicensed and therefore illegal sportsbook operating in Tennessee.
Bovada reportedly failed to comply with cease and desist letters delivered to addresses in Curaçao, and Council investigators placed wagers through Bovada’s platform on three separate occasions, including as recently as October 16, 2024.
In the cease and desist letters, the Council ordered Bovada to allow all Tennessee users to withdraw any funds currently held by the unlicensed sportsbook.
Tennessee is the largest “online-only” sports betting market in the U.S., with more than $4.7 billion wagered in Tennessee last fiscal year through online sportsbooks licensed by the Council. For a list of sportsbooks legally licensed to do business in Tennessee, visit the Council’s website.