Tennessee Sports Wagering Council urges CFTC to bar sports event contracts
Tennessee’s Sports Wagering Council urged the Commodity Futures Trading Commission not to permit sports event contracts in the state, in a letter signed by executive director Mary Beth Thomas. The council argued that providers accepting sports wagers must hold its licence and said federally regulated platforms could bypass state rules, including age limits and responsible-gambling protections.
The council’s position signals a state-level challenge to sports event contracts offered outside Tennessee’s licensing framework.