Tennessee sports betting fine levied on sportsbook with insufficient funds
Sports Game · 2024-06-11

Tennessee sports betting fine levied on sportsbook with insufficient funds

Tennessee sports betting regulators recently approved fines against two sportsbooks, including an operator that did not have enough money to cover its outstanding bets.

At its May meeting, the Tennessee Sports Wagering Council, or SWC, approved a $60,000 fine against ZenSports for not maintaining a high enough reserve account balance for its Tennessee sports betting operations.

The SWC also agreed to a $50,000 fine against Fanatics for self-reported, self-exclusion list violations.

Sportsbooks in Tennessee are required to keep enough money in a reserve account to cover any outstanding obligations. On three occasions in December 2023, the SWC found ZenSports to be below the reserve requirement.

Please fill out the form to send a message to the CDC Gaming Reports team. Alternatively, you can send an email to the address on the footer of each page.

Popular articles
GAT CDMX 2025 Institutional Academy: Leaders and Experts Analyze the Present and Future of the Gaming Industry in Mexico and Lat
Sports Game
PropellerAds Shared a New iGaming Case Study: 97,674 Installs and 12,701 Deposits in 3 Months
Marketing
Across 6 Cities: HUIDU Invites You to 8 World Cup Parties Redefining High-Value Social Networking
HUIDU Focus
Vietnam's tightening online gaming policy creates new market opportunities
Southeast Asia
Brazil Proposes Raising Gambling Tax Rate to 24%, With Revenue Allocated to Social Security and Healthcare
Regulation
JILI Partners with Cricket Legend AB de Villiers (ABD) to Launch Exclusive Branded Game Series 100% 11
Sports Game
Kazakhstan plans to penalise online casino promotions
Regulation
Super PAC Raises $48 Million: Sports Betting Forces Ramp Up Political Push
Regulation
Institutional Academy that exceeded expectations marked the opening of GAT CDMX
Online Game
British gambling levy rates confirmed for each vertical
Regulation
SBC Summit Canada to Make Player Safety a Key Pillar of 2026 Agenda
Marketing
UK MPs reopen 2025 gambling inquiry as reform stalls
Regulation
New Jersey July Gambling Revenue Hits $606M, Sweeps Casinos Banned
Regulation
Full House at GAT Expo Cartagena 2026 Academic Agenda
Online Game
Online gambling, crypto pose ongoing money laundering risks in Philippines, analyst says
Southeast Asia
Home
Game
Cooperation
Find
My