For the first time in the short history of American online gambling regulation, a license has been suspended. The sports betting license of Action 24/7 has been suspended by the state of Tennessee, where the company is based. Following a meeting of the state regulator, the Tennessee Lottery, it was decided to pull the operators license due to suspicious betting activity, which included play through a proxy and suspected credit card fraud. The Action 24/7 team actually brought the matter to the attention of the regulator after they began investigating the player account which made 184 different deposits from seven…