TN
Tennessee House Bill HB0374

Tennessee 2023-2024 Regular Session

Tennessee House Bill HB0374

Introduced
1/23/23  
Refer
2/1/23  
Refer
2/15/23  
Refer
2/22/23  
Refer
2/27/23  
Refer
3/8/23  
Refer
3/14/23  
Chaptered
4/18/23  

Caption

AN ACT to amend Tennessee Code Annotated, Title 4; Title 29; Title 39; Title 47, Chapter 18 and Title 67, relative to fantasy sports.

Impact

By relocating the regulatory authority to the Sports Wagering Advisory Council, the bill seeks to create a more specialized oversight mechanism that can address the unique challenges and opportunities presented by the fantasy sports industry. This move is expected to enhance regulatory efficiency and provide clearer guidelines for operators and participants alike. Amendments proposed in the bill cover areas such as licensing and the allocation of funds generated from entry fees, ultimately affecting how fantasy sports are conducted in Tennessee.

Summary

House Bill 0374 aims to amend various sections of the Tennessee Code Annotated related to fantasy sports and the overarching regulatory framework governing them. The bill proposes a shift in authority from the Secretary of State's office to a newly formed Sports Wagering Advisory Council, which will oversee the regulation and administration of fantasy sports in the state. This transition is designed to streamline regulation and ensure that rules governing fantasy sports contests are managed by a dedicated body with expertise in the sector.

Sentiment

The sentiment surrounding HB 0374 appears to be cautiously optimistic, especially among stakeholders in the fantasy sports industry who see this reorganization as a necessary updating of regulations. However, there are concerns from opposition parties regarding the potential for regulatory overreach and the implications of centralizing authority under a council. This sentiment reflects the tension between fostering a developing industry while ensuring adequate consumer protections and fair market practices.

Contention

A notable point of contention related to HB 0374 involves the potential implications for existing operators and their ability to adapt to the new regulatory landscape. Additionally, there are discussions about whether the advisory council will operate transparently and effectively keep pace with industry developments. Some lawmakers have raised concerns about the bill's ability to prevent pitfalls seen in other states' experiences with sports wagering, highlighting the need for robust oversight mechanisms and consumer safeguards in the enactment of this new regulatory framework.

Latest HB0374 Activity

Companion Bills

TN SB0218

Crossfiled AN ACT to amend Tennessee Code Annotated, Title 4; Title 29; Title 39; Title 47, Chapter 18 and Title 67, relative to fantasy sports.

Similar Bills

TN HB0992

AN ACT to amend Tennessee Code Annotated, Title 1, Chapter 3; Section 2-3-107; Title 4, Chapter 29, Part 2; Section 8-35-242; Section 8-38-126; Section 9-8-203; Section 10-7-504; Section 37-1-408 and Title 49, relative to charter schools.

TN SB1014

AN ACT to amend Tennessee Code Annotated, Title 1, Chapter 3; Section 2-3-107; Title 4, Chapter 29, Part 2; Section 8-35-242; Section 8-38-126; Section 9-8-203; Section 10-7-504; Section 37-1-408 and Title 49, relative to charter schools.

TN HB0074

AN ACT to amend Tennessee Code Annotated, Title 2; Title 4; Title 8; Title 36; Title 37; Title 38; Title 40; Title 41; Title 49; Title 50; Title 54; Title 55; Title 62; Title 63 and Title 68, relative to high school equivalency credentials.

TN SB0255

AN ACT to amend Tennessee Code Annotated, Title 2; Title 4; Title 8; Title 36; Title 37; Title 38; Title 40; Title 41; Title 49; Title 50; Title 54; Title 55; Title 62; Title 63 and Title 68, relative to high school equivalency credentials.

TN HB0321

AN ACT to amend Tennessee Code Annotated, Title 1; Title 2; Title 3; Title 4; Title 5; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 20; Title 22; Title 24; Title 31; Title 33; Title 36; Title 38; Title 39; Title 40; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69 and Title 71, relative to electronic transmissions.

TN SB0329

AN ACT to amend Tennessee Code Annotated, Title 1; Title 2; Title 3; Title 4; Title 5; Title 7; Title 8; Title 9; Title 10; Title 11; Title 12; Title 13; Title 16; Title 20; Title 22; Title 24; Title 31; Title 33; Title 36; Title 38; Title 39; Title 40; Title 43; Title 44; Title 45; Title 47; Title 48; Title 49; Title 50; Title 53; Title 54; Title 55; Title 56; Title 61; Title 62; Title 63; Title 64; Title 65; Title 66; Title 67; Title 68; Title 69 and Title 71, relative to electronic transmissions.

TN SB1227

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8; Title 10; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 50; Title 57; Title 67; Title 68 and Title 70, relative to firearms.

TN HB1189

AN ACT to amend Tennessee Code Annotated, Title 4, Chapter 7; Title 8; Title 10; Title 33; Title 36; Title 37; Title 38; Title 39; Title 40; Title 49; Title 50; Title 57; Title 67; Title 68 and Title 70, relative to firearms.