§ 4-49-112 — Persons ineligible to place a bet or wager

Tennessee § 4-49-112

• Jurisdiction: Tennessee
• Title: 4

Text

(a) The following persons or categories of persons shall not, directly or indirectly, wager or bet on a sporting event in this state: (1) A member, officer, or employee of the council, except that an employee of the council may place a nominal wager as part of an investigation or audit on behalf of the council. Winnings paid to an employee of the council based on a winning wager as part of an investigation or audit must be separately accounted for by the council and returned to the operator on a quarterly basis; (2) With respect to a licensee, any principal owner, partner, member of the board of directors, officer, or supervisory employee; (3) With respect to a vendor of a licensee, any principal owner, partner, member of the board of directors, officer, or supervisory employee; (4) Any contractor, subcontractor, or consultant, or officer or employee of a contractor, subcontractor, or consultant, of a licensee, if the person is directly involved in the licensee's operation of sports wagering or the processing of sports wagering claims or payments through the licensee's online sports wagering platform; (5) Any person subject to a contract with the council if the contract contains a provision prohibiting the person from participating in sports wagering; (6) Any person with access to information that is known exclusively to a person who is prohibited from placing a wager in this state under this section; (7) Any amateur or Olympic athlete if the wager is based on the sport or athletic event in which the athlete participates and that is overseen by the athlete's sports governing body; (8) Any professional athlete if the wager is based on any sport or athletic event overseen by the athlete's sports governing body; (9) Any owner or employee of a team, player, umpire or sports union personnel, or employee, referee, coach, or official of a sports governing body, if the wager is based on a sporting event overseen by the person's sports governing body; (10) Any trustee or regent of a governing board of a public or private institution of higher education; (11) Any member of an advisory board established under title 49, chapter 9, part 5; (12) Any person prohibited by the rules of a governing body of a collegiate sports team, league, or association from participating in sports wagering activities; (13) With respect to a student or an employee of a public or private institution of higher education, any person who has access to material nonpublic information concerning a student athlete or team, and the information is relevant to the outcome of a sporting event; provided, that the person is only prohibited from using the information to place a wager on a collegiate sporting event; and (14) Any person having the ability to directly affect the outcome of a sporting event. (b) The council may prescribe by rule additional categories of persons who are prohibited from placing a wager in this state. (c) The council shall post on its website the categories set forth in subsection (a) of persons who are ineligible to place a wager in this state. (d) A violation of subsection (a) is: (1) For a first offense, a Class C misdemeanor; (2) For a second offense, a Class B misdemeanor; and (3) For a third or subsequent offense, a Class A misdemeanor. (e) As used in this section, "material nonpublic information" has the same meaning as defined in § 4-49-130(d) .

Legislative History

Amended by 2023 Tenn. Acts, ch. 450, s 11, eff. 7/1/2023. Amended by 2023 Tenn. Acts, ch. 450, s 10, eff. 7/1/2023. Renumbered from T.C.A. s4-51-312by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022. Amended by 2021 Tenn. Acts, ch. 593, s 9, eff. 1/1/2022. Added by 2019 Tenn. Acts, ch. 507, s 1, eff. 7/1/2019.