TBA Law Blog


Posted by: Stacey Shrader Joslin on Apr 2, 2026

The Tennessee state House Judiciary Committee has passed legislation — HB2079/SB1992 — that would make it a felony for a person to engage in “conduct intended to influence the outcome of an event” which that person has also bet on through a contract on a prediction market like Kalshi or Polymarket. The bill, which was amended by the committee, now goes to the House Finance, Ways and Means Committee. The Nashville Banner reports that prediction markets, which have exploded in popularity, have been under increased legal and media scrutiny after traders have made enormous profits off of bets made on national and world events. Both Kalshi and Polymarket currently offer users the opportunity to place wagers on the outcomes of upcoming Tennessee elections.