BetMGM, a sports-betting company operating in Colorado, is the latest company to be fined for accepting proposition bets on individual college athletes’ performances during games.

BetMGM agreed to a $50,000 fine although the company will only have to pay half that amount if it avoids any more violations of Colorado sports betting rules for the next two years. The company also agreed to show proof to Colorado that it is properly training its live traders, who establish odds, on the state’s rules and how to set up bets in the Colorado market. The penalty was levied Thursday morning by the Colorado Limited Gaming Control Commission.

Accepting bets on individual college athletes’ performances in any sporting event is illegal in Colorado. For example, a Colorado sports fan cannot bet on wheth

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