This story was published more than 2 years ago.
2020 sure seems to be getting even weirder, as notorious offshore sportsbetting group 5Dimes announced that they've struck a deal with the U.S. Department of Justice and will enter the regulated American market after paying a $46.8 million settlement.
The agreement comes as 5Dimes has been under federal investigation for illegally targeting American customers for years. The operator, whose livelihood is dependent on the American market, decided to settle the case rather than face prosecution, and agreed to pay out $46.8 million. The terms of the settlement will allow 5Dimes to enter the legal American sportsbetting market, where it already has a lengthy history, with many gamblers having considered 5Dimes a premiere offshore group over the years.
In a statement 5Dimes said, "5Dimes has entered into a settlement agreement with the United States Attorney's Office for the Eastern District of Pennsylvania that will allow the company to enter the legal, regulated US gaming industry under a new corporate structure, free and clear of any restrictions on the transfer of its assets and in compliance with US law."
As of press time we don't know who 5Dimes will be partnering with, where they'll launch, or when they'll launch. Without a doubt, we'll be following this story and will update readers as we learn more.
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