Global Risk Management

A Licensee may utilize Global Risk Management as provided in this Rule upon approval by the Council. Prior to utilizing Global Risk Management for any reason, a Licensee shall submit to the Council for approval a copy of all written agreements related to Global Risk Management. The Council may reject a Licensee’s proposed use of Global Risk Management services for any reason deemed necessary to protect the integrity of sports wagering in this State. The following are permissible services which a Sports Gaming Operator or Vendor licensed by a regulatory authority in another jurisdiction may perform in the State of Tennessee, upon approval of the Council: (1) Setting, modifying, or providing risk management advice as it relates to betting odds, point spreads, and lines; SPORTS GAMING LICENSE STANDARDS CHAPTER 1350-01 (2) Deciding when a Sporting Event should be removed as an option from the list of Interactive Sports Gaming options authorized by the Council and offered by the Licensee; (3) Determining when the Interactive Sports Gaming action by Players on a particular Sporting Event should be rejected; (4) Determining when it would be desirable to place Layoff Wagers with another licensed Sports Gaming Operator in the State of Tennessee; or (5) Using their special expertise to manage the risks associated with Interactive Sports Gaming in the State of Tennessee.