Rules & Regulations of the State of Tennessee
Title 1350 - Tennessee Sports Wagering Advisory Council
Chapter 1350-01 - Sports Gaming License Standards
Section 1350-01-.10 - GLOBAL RISK MANAGEMENT
Current through April 3, 2024
A Licensee may utilize Global Risk Management as provided in this Rule upon approval by the Council. Prior to utilizing Global Risk Management for any reason, a Licensee shall submit to the Council for approval a copy of all written agreements related to Global Risk Management. The Council may reject a Licensee's proposed use of Global Risk Management services for any reason deemed necessary to protect the integrity of sports wagering in this State.
The following are permissible services which a Sports Gaming Operator or Vendor licensed by a regulatory authority in another jurisdiction may perform in the State of Tennessee, upon approval of the Council:
(1) Setting, modifying, or providing risk management advice as it relates to betting odds, point spreads, and lines;
(2) Deciding when a Sporting Event should be removed as an option from the list of Interactive Sports Gaming options authorized by the Council and offered by the Licensee;
(3) Determining when the Interactive Sports Gaming action by Players on a particular Sporting Event should be rejected;
(4) Determining when it would be desirable to place Layoff Wagers with another licensed Sports Gaming Operator in the State of Tennessee; or
(5) Using their special expertise to manage the risks associated with Interactive Sports Gaming in the State of Tennessee.
Authority: T.C.A. § 4-49-110 and 4-49-115.
