Lawmakers in New Jersey and Vermont have introduced measures to limit and ban specific types of event contracts in an effort to tighten control over prediction markets.On...
Tennessee and Oklahoma Senates pass sweepstakes casino bills
The Senates of Tennessee and Oklahoma have passed bills that target sweepstakes casinos as state-level crackdowns on dual-currency platforms increase.
Tennessee’s Senate Bill 2136 aims to add new provisions to the Tennessee Consumer Protection Act and would take effect immediately after being passed.
The Bill states:
“An online sweepstakes game utilizes a virtual-currency system allowing a player to exchange the currency for a prize, award, cash, or cash equivalent, or the chance to win a prize, award, cash, or cash equivalent. Gambling, the operation or possession of gambling devices, and the operation, conducting, or commercial promoting of online sweepstakes games and other forms of online or app-based gambling are unlawful and are offences against the public health, safety, and welfare of this state.”
In Oklahoma, Senate Bill 1589 seeks to change the state’s gambling statute to include online casino-style games and classify violations as Class C2 felonies, with fines between $500 and $2,000.
SB 1589 clarifies:
“An online casino game is any gambling game that allows a person to access the Internet… that, upon risking any representative of value, simulates any gambling game described in this section or any other form of gambling, including a slot machine. A representative of value includes any and all currency used as part of a dual-currency system of payment that allows a person to exchange such currency for any prize, award, cash, or cash equivalent…”
If enacted, Senate Bill 1589 would take effect on November 1, 2026.
If you want to learn more about sweepstakes casinos, make sure to take a look at AffPapa’s newest article.
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