SWC Fines Illegal Sportsbook XBET $50,000
NASHVILLE -- The Sports Wagering Council (SWC) issued $50,000 in fines to unlicensed offshore sportsbook Xbet for operating illegally in Tennessee.
NASHVILLE -- The Sports Wagering Council (SWC) issued $50,000 in fines to unlicensed offshore sportsbook Xbet for operating illegally in Tennessee.
NASHVILLE -- Legendz, an online social entertainment platform that offered a social sportsbook, has ceased offering its social sportsbook services in Tennessee, and Tennessee customers who missed the withdrawal window should contact the company directly.
NASHVILLE--Tennessee Department of Financial Institutions Commissioner Greg Gonzales announced today that the maximum effective formula rate of interest in Tennessee is 11.50 percent per annum. The rate is based on a ceiling of 4 percent over the weekly average prime loan rate of 7.50 percent as published by the Federal Reserve on April 28, 2025.