Section 1350-03-.09 - TYPES OF WAGERS AVAILABLE(1) Each Licensee shall only offer Wagers on Sporting Events approved by the Council, a list of which shall be posted on the Council's website. The Council shall notify Licensees when a Sporting Event is no longer included on the list of approved Sporting Events upon which Wagers may be placed or accepted.(2) Any entity may petition the Council for approval of a new Sporting Event upon which Wagers may be placed or accepted. (a) A petition for approval of a proposed new Sporting Event must be in writing and submitted a minimum of 72 hours prior to being offered.(b) A proposed new Sporting Event may be a variation of an authorized sports wagering Event, a composite of authorized Sporting Events, or any other Sporting Event compatible with the public interest.(c) A petition for a proposed new Sporting Event shall be in writing, signed by the petitioner, and shall include the following information: 1. The name of the petitioner;2. Whether the new Sporting Event is a variation of an authorized Sporting Event, a composite of authorized Sporting Events, or any other Sporting Event compatible with the public interest;3. A complete and detailed description of the new Sporting Event for which approval is sought;4. Evidence of governing body rules and regulations or independent integrity monitoring of the new Sporting Event; and5. Any other pertinent information or material requested by the Council.(d) No Wagers may be accepted on a proposed Sporting Event until it has been approved by the Council.Tenn. Comp. R. & Regs. 1350-03-.09
Emergency rules filed December 22, 2021 to become effective January 1, 2022; effective through June 30, 2022. New rules filed March 22, 2022; effective 6/20/2022.Authority: T.C.A. §§ 4-49-106, 4-49-110, 4-49-115, 4-49-122, and 4-49-125.