Regulation roundup: Tennessee, Louisiana, Vermont, and Oklahoma
All the latest developments on attempts to introduce sports betting and igaming legislation across the US, as well as further push back against sweepstakes and prediction markets
Louisiana proposes ban on prop bets
A Louisiana senator has introduced legislation which would ban prop bets in the state.
Senate Bill 354, introduced by Katrina Jackson-Andrews, would prohibit any licensed sportsbooks from accepting prop bets.
The bill categorizes prop bets as a side wager on a part of a sporting or athletic event which is immaterial of its final outcome.
Part of the legislation would also see the creation of a list of excluded bettors, which could include any customers found to be cheating, those accused of gambling-related crimes, and/or any person who harasses an athlete.
Should the legislation be pushed through successfully, the ban would come into effect on August 1, 2026.
Tennessee’s anti-sweepstakes legislation advances
A bill to ban sweepstakes gaming in Tennessee has made progress through the state’s Senate.
Ferrell Haile’s Senate Bill 2136 has advanced to the House after a unanimous vote in its favor on March 2.
The legislation will apply to any company found “operating, conducting, or commercially promoting online sweepstakes games” in the Volunteer State.
The bill also stipulates that Tennessee Attorney General Jonathan Skrmetti should be “empowered with the tools to properly investigate violations of law, including illegal gambling.”
Oklahoma moves to ban sweepstakes gaming
In a similar vein to Tennessee, Oklahoma has moved forward with a bill to outlaw sweepstakes gaming.
Senate Bill 1589 will advance to the state’s House after receiving another majority vote on March 2.
The bill looks to prohibit online casino games, and has added sweepstakes gaming to that umbrella.
Any violations of the law would carry fines of up to $2,000 and possible prison time.
If the bill were to be passed into law, the changes would come into effect from November 1, 2026, onwards.
Vermont pursues per-wager tax and prediction markets limitations
Lawmakers in Vermont are looking to follow in the footsteps of Illinois by introducing a per-wager tax for operators.
H 913 would charge the state’s three licensed operators – DraftKings, Fanatics, and FanDuel – $0.50 for every wager placed.
The bill would also look to criminalize various categories of prediction markets platforms.
Any event contracts regarding sports, politics, people, disasters, war, or death would be banned.
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