Poker coaching provider PokeTime has announced that it will no longer be accepting new users.
The move comes after the company was fined $500,000 by the US Department of Justice for misleading customers about the accuracy of its online poker coaching service.
PokeTime said it had to close the service because of the DOJ’s investigation into its business practices.
In a blog post, PokeTime CEO Michael Naylor said the decision to discontinue the service was a “moment of reckoning” for the company.
Naylor said that the DOJ investigation was “not a result of any bad intentions on the part of PokeTime, nor was it motivated by any personal animus towards any individual or any individual employee.”
Poke Time’s parent company, Playtonic Games, has also been subject to an investigation.
Nathan Leff/Associated PressPoke time has been the target of several lawsuits alleging that the app mislead users about the amount of money they could earn and the odds of winning a match.
The lawsuit, which was filed in California, alleges that PokeTime’s online poker guides misrepresented the amount and odds of the prize the users could win and the chance of winning the entire tournament.
In November 2016, the US Supreme Court declined to review a similar lawsuit by the California attorney general, saying that the attorney general had not shown that the software violated the law.
The US Department has also opened an investigation into the PokeTime business, which Naylor described as a “pinnacle of technology.”