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SportsTranscript
00:00Now, this is an embarrassing story. I don't know who it's embarrassing for. You'll have
00:07to tell me here. It occurs in the state of Tennessee, where there's a couple of sports
00:13books that were fined because they couldn't pay the winners. I mean, is this an accurate
00:19story? If this is true, Pat, who's to blame here? Is it the state? Is it the sports betting
00:24operators? This can't be allowed throughout the country, can it?
00:29Well, Tennessee is an interesting market, and one of them is Fanatics. They self-reported
00:35that they allowed a couple of sports betting accounts that had self-excluded themselves
00:40to come off that list. Now, that was the state level one. They caught that they were also
00:45on their nationwide self-exclusion list, so they were able to say, well, we need to fix
00:51this code, did it, self-reported, agreed to a fine with the committee.
00:57Zen Sports, on the other hand, was found in December to not have enough money in their
01:01bank account to cover all their liabilities, and that's a big no-no. If you go to the story
01:09at Legal Sports Report, there's a huge stipulation that the spokesperson at the council sent
01:15me and said they didn't meet this. Apparently, it was just some financial not doing it right.
01:24I don't know how to put that, but supposedly, they've been good since then, and they've
01:30carried enough money in their account to cover all the liabilities, but again, you never
01:35know with these small operators and kind of operators at Zen Sports, not in any other
01:42state. You have to wonder, are they in trouble, and then what's going to happen after that?
01:48Again, a state just kind of interesting to watch, and like you said, not necessarily
01:52a great issue to get fined for, but again, so far, they say and the wagering council
01:58has said that they're in accordance with the law at this point, but who knows if they will
02:04be in the future? Again, we'll watch it closely and let you know.