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Can you summarize TNRR Section 1350-05-.07?
Rules Related to the Fantasy Sports Act Emergency rules effective July 1, 2023 through December 28, 2023. > PLAYER ACCOUNT ACTIVITY
Short Summary
These rules, issued by the Tennessee Sports Wagering Council, govern the operation of fantasy sports contests in the state of Tennessee. The rules impose limits on the amount of monthly deposits that new players can make, with a maximum limit of $2,500. Players can request an increase in their deposit limit if they meet certain criteria, such as having an annual income of more than $150,000 or a financial net worth greater than $500,000. The rules also require fantasy sports operators to enforce self-exclusion policies, preventing individuals who have set limitations on their accounts from participating in fantasy sports contests. Additionally, operators must maintain records of player activity, including contest details, entry fees, prizes awarded, and self-imposed limitations. These rules are effective from July 1, 2023, to December 28, 2023.
Whom does it apply to?
Fantasy sports operators and players
What does it govern?
Rules Related to the Fantasy Sports Act Emergency rules effective July 1, 2023 through December 28, 2023
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
Tennessee