§ 4-49-115 — Integrity of sports wagering - Public interest

Tennessee § 4-49-115

• Jurisdiction: Tennessee
• Title: 4

Text

(a) The council, licensees, and vendors shall cooperate with investigations conducted by sports governing bodies and law enforcement agencies, including, but not limited to, providing or facilitating the provision of account-level betting information and data files relating to persons placing wagers. (b) Licensees shall immediately report to the council any information relating to: (1) Criminal or disciplinary proceedings commenced against the licensee in connection with its operations; (2) Abnormal betting activity or patterns that may indicate a concern with the integrity of a sporting event; (3) Any potential breach of a sports governing body's internal rules and codes of conduct pertaining to sports wagering; (4) Conduct that corrupts the betting outcome of a sporting event for purposes of financial gain, including match fixing; and (5) Suspicious or illegal wagering activities, including cheating, the use of funds derived from illegal activity, wagers to conceal or launder funds derived from illegal activity, using agents to place wagers, and using false identification. (c) Licensees shall also immediately report information relating to conduct described in subdivisions (b)(2)-(4) to the relevant sports governing body. (d) Licensees shall share with the council, in real time and at the account level, information regarding a bettor, amount and type of bet, the time the bet was placed, the location of the bet, including the internet protocol address if applicable, the outcome of the bet, and records of abnormal betting activity. Information shared under this subsection (d) must be submitted in the form and manner as required by rule of the council. (e) If a sports governing body has notified the council that real-time information sharing for wagers placed on its sporting events is necessary and desirable, licensees shall share the same information with the sports governing body or its designee with respect to wagers on its sporting events. Such information may be provided in anonymized form and may be used by a sports governing body solely for integrity purposes. (f) In addition to its specific rulemaking authority under this part, the council may promulgate rules it deems necessary to maintain the integrity of sports wagering in this state and to protect the public interest.

Legislative History

Renumbered from T.C.A. s4-51-315by 2021 Tenn. Acts, ch. 593, s 30, eff. 1/1/2022. Amended by 2021 Tenn. Acts, ch. 593, Secs.s 11, s 27eff. 1/1/2022. Added by 2019 Tenn. Acts, ch. 507, s 1, eff. 7/1/2019.