Tenn. Comp. R. & Regs. 1350-01-.10 - GLOBAL RISK MANAGEMENT

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.

Notes

Tenn. Comp. R. & Regs. 1350-01-.10

Emergency rules filed December 22, 2021 to become effective January 1, 2022; effective through June 30, 2022. New rules filed March 22, 2022; effective June 20, 2022. Rule was previously numbered 1350-01-.11 but was renumbered 1350-01-.10 with the deletion of original rule 1350-01-.09 filed June 20, 2023 to become effective July 1, 2023; effective through December 28, 2023. Rule was previously numbered 1350-01-.11 but was renumbered 1350-01-.10 with the deletion of original rule 1350-01-.09 filed September 15, 2023; effective 12/14/2023.

Authority: T.C.A. § 4-49-110 and 4-49-115.