New Jersey Drops Evolution Investigation

This week the New Jersey Division of Gaming Enforcement announced that they're not going to press any enforcement against betting group Evolution, following an investigation into the company's behavior in the Garden State.

The company was reported to the regulator by law firm Calcagni & Kanefsky LLP, who said that Evolution's products are available in countries that the US has trade sanctions against. The allegations cost Evolution billions of dollars in market cap, and the company claims that the charges were made with the goal of discrediting the business. Evolution says that the allegations come from users who were unable to log in from the affected countries, but then used manipulative tactics like using a VPN to change the location from where the user appears to be coming from.

Evolution also pointed out that they're not responsible for the handling of player funds and that the casino operators themselves are responsible for verifying player location and identities.

After looking into the allegations, the regulator said that sanctions aren't warranted and the matter is closed.

In a statement, Evolution commented, noting: "The NJDGE found no evidence that Evolution sanctioned, promoted, permitted, or otherwise materially benefitted from its content offered by operators in any market that the NJDGE considers a prohibited jurisdiction.

"Evolution also conducted an internal review, while concluding that its due diligence and compliance processes were sufficient, Evolution took the opportunity to enhance its processes.

"The NJDGE supports the enhancements that Evolution has made. The enhancements did not relate to any jurisdictional violations."