(a) An applicant to register or renew a registration as a vendor shall submit an application on a form, in such manner, and in accordance with such requirements as may be prescribed by rule of the council.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Key personnel: means individuals who have the power to exercise significant influence over sports wagering in this state and who are associated with the applicant for licensure or registration as: (i) A principal owner of more than five percent (5%) of the applicant. See Tennessee Code 4-49-102
Person: means an individual, group of individuals, trust, or business entity. See Tennessee Code 4-49-102
Vendor: means a person who: (i) Provides one (1) or more of the following:(a) Geolocation services. See Tennessee Code 4-49-102
(b) A vendor registration is valid for three (3) years.(c) An application to register or renew a registration as a vendor must include the following:
(1) The identification of the applicant’s key personnel;(2) A national criminal background check for each person identified under subdivision (c)(1) conducted by the Tennessee bureau of investigation or another appropriate law enforcement agency. A set of fingerprints must be supplied upon request and in the manner requested by the investigating agency;(3) Information, documentation, and assurances, as prescribed by rule of the council, that may be required to establish by clear and convincing evidence the good character, honesty, and integrity of the applicant and its key personnel;(4) Notice and a description of all civil judgments obtained against the applicant or its key personnel;(5) A list of all jurisdictions where the applicant and its key personnel have engaged in gaming or sports wagering operations or otherwise served as a vendor to a licensee engaged in gaming or sports wagering operations; and(6) All additional information as may be prescribed by rule of the council.(d) An applicant for registration as a vendor shall pay a registration fee:
(1) For the first three-year period after registration, if the registration is approved, of one hundred fifty thousand dollars ($150,000). Fifty thousand dollars ($50,000) of the fee is due at registration, fifty thousand dollars ($50,000) of the fee is due on the first anniversary of registration, and fifty thousand dollars ($50,000) of the fee is due on the second anniversary of registration; and(2) For the second or subsequent period of registration, a registration fee in an amount prescribed by rule of the council sufficient to defray the operating and administrative expenses incurred in administering and enforcing this part. The council shall promulgate rules to set the registration fee structure by July 1, 2023, and shall adjust the fee structure no more often than biennially.(e) Upon review of the application, the council shall approve or deny an application for registration not more than ninety (90) days after receipt of a completed application.(f) A vendor may renew its registration by submitting a renewal application on a form, in such manner, and in accordance with such requirements as may be prescribed by rule of the council.(g) Each vendor approved for registration under this part has a continuing duty to immediately notify the council of all changes in status related to any information that may disqualify the vendor from registration.(h) All provisions of this part and all rules promulgated under the authority of chapter 450 of the Public Acts of 2023 apply to registered vendors.
