Tennessee Regulators Impose $111K in Fines on Fanatics and ZenSports for Major Compliance Breaches admin, February 6, 2011 Tennessee’s sports betting regulators have recently sanctioned two sportsbooks with significant fines due to compliance issues, including one operator failing to maintain adequate funds to cover outstanding bets. During its meeting in May, the Tennessee Sports Wagering Council (SWC) approved a substantial $60,000 fine against ZenSports. This penalty was imposed because ZenSports did not uphold the required reserve account balance for its Tennessee sports betting operations. In Tennessee, sportsbooks must keep sufficient funds in a reserve account to meet their outstanding financial obligations. The SWC discovered that ZenSports fell short of this requirement on three separate occasions in December 2023. In the same meeting, the SWC also levied