TN Sportsbook reportedly booked illegal gamble on college games
The news remains interesting in the Voluntary state like any other TN sports betting is under review by the Tennessee Educational Lottery.
William Hill did not return a request for comment. TEL confirmed that the issue was “under investigation:”
“There is a process in place for violations, and we will follow that process. This matter is under review, however, incidental bets on college players are not permitted. The operator withdrew them and all bets placed were canceled by the operator.
There is no doubt that TEL is taking a close look at the process this time around. It’s recent unlimited suspension of Act 24/7 was interrupted by a temporary injunction after a Chancery judge decided in part that the TEL Board of directors did not follow proper procedures.
William Hill last TN sportsbook with problems
The error is potentially a technical error, as the bookmaker offers bets in states that allow bets on college players. Still, it’s a bad look for the Tennessee sports betting industry in general after TEL messy situation with 24/7 Action.
With the court finding that TEL was wrong for not following its own rules in suspending Action 24/7, all eyes will be watching how this issue is resolved.
No sanction defined for prohibited bets
Unfortunately for TEL, a clearly defined sanction for this situation does not exist.
Bets on university players are prohibited under Article 4-51-314 of Tennessee Sports Betting Act:
“Individual actions, events, statistics, occurrences or non-occurrences to be determined at a collegiate sporting event, including, without limitation, proposition bets in the game on the performance or non-performance of a team or an individual participant at a collegiate sporting event. “
The rules are a bit vague in terms of punishment, however, according to the licensing rules, regulations and standards:
Failure to comply with these requirements, conditions and programs may result in the suspension or revocation of a license or registration or the imposition of a fine.
Any administrative fine cannot exceed $ 25,000 by incident. It will therefore be up to the TEL to determine the seriousness of the violation in order to dictate the sanction.
TN’s sports betting bill delayed again
Elsewhere, a proposal that would prevent Action 24/7 clients from having an active loan with a sister company Financial advance 24 hours a day, 7 days a week needs more time.
Time is running out for a proposal that would better define the laws surrounding the relationship between loan companies and sports bettors.
Senator Richard Briggs and Representative Darren Jernigan were ready to introduce an amendment to their legislation, SB 1029 and HB 824 Tuesday. The amendment would have said that a person could not have both a loan and a gambling account with the same company. Both wanted to protect problem gamblers and anyone who might be chasing a loan repayment.
Left hand, right hand?
There’s just one problem: Action 24/7, the only company affected by the legislation, says it’s not possible. The sports betting company would have no way of knowing who has the flexible loans, the company told Briggs.
This is despite the fact that Jernigan at one point had someone willing to testify about his the earnings were kept to repay a loan. This person finally changed his mind.
Briggs said he will meet with Action 24/7 next week, although next week is the last chance for legislation to get off the committee. It “doesn’t leave a lot of room unless everything goes perfectly,” Briggs said.