Constant Lestienne placed the bets – none of which involved him – over a three and a half year period.
Now the 24-year-old, who has never won an ATP title, has been suspended for seven months and handed a fine of $10,000 (£7,698).
He was found guilty by the Tennis Integrity Unit, who said the offences were committed between February 2012 and June 2015.
According to the BBC, Lestienne has been offered a deal by the TIU.
Half of his ban will be suspended pending any further offences and if he helps educate other young players about anti-corruption his fine will also be halved.
At 164 Lestienne is the highest ranked he has ever been in his career, but has picked up only $47,000 in prize money this year.
The TIU was set up eight years ago by some of the sport’s governing bodies to help fight corruption in tennis, specifically betting-related activity.
- The MirrorOnline