Tennessee Regulators Say No Thanks to Sports Event Contracts

Tennessee joins growing list of states to hit out at prediction markets

The Tennessee Sports Wagering Council has urged the Commodity Futures Trading Commission (CFTC) to respect state regulations and not allow sports event contracts to be offered. In a letter signed by executive director Mary Beth Thomas and addressed to the CFTC’s acting chair Caroline Pham, the Tennessee regulator joined a growing group of states pushing back against the vertical. The letter stated that the Tennessee Sports Wagering Council consi…

Tennessee Regulators Say No Thanks to Sports Event Contracts

The Tennessee Sports Wagering Council sent a letter opposing sports event contracts to the Commodity Futures Trading Commission The council urges the commission to respect the policy decisions made in the state and not permit sports event contracts A roundtable on the issue will be held April 30 Tennessee sports betting regulators have officially declared their opposition to sports event contracts. The Tennessee Sports Wagering Council (TSWC) se…