Legal Sports Betting Brief: NV v. Polymarket, MVP Market Concerns, TN Book Folds

Legal Sports Betting Brief: NV v. Polymarket, MVP Market Concerns, TN Book Folds

Nevada sued Polymarket for allegedly running unregulated gambling operations that sidestep state licensing laws. Concerns arose that Polymarket’s NFL MVP market could reflect insider information since official voting already occurred. Tennessee’s only local sportsbook shut down, unable to survive against national competitors under the state’s … Read more

Tennessee Action 24/7 Receives Temporary License Reinstatement

Action 247 - Tennessee

Tennessee Action 24/7 is back in business after a judge ruled in favor of the appeal they filed. The Tennessee Education Lottery Corp. (TELC) and their suspension of the sportsbook was overturned on Friday as it was said they did not follow proper protocol when … Read more

High-Risk Bank Loans For Sports Betting Approved In Tennessee

Twin Spires - Tennessee Lottery

Tennessee lawmakers approve high-risk flex loans for lenders to coincide with the Action 24/7 sportsbook. This will act as a store for sports bettors to deposit gambling funds as well. The annual interest rates are up to 279.5%. NASHVILLE, Tenn. – In an interesting twist … Read more