Perhaps the most significant updates came from Tennessee, where lawmakers advanced separate bills targeting sweepstakes casinos and prediction markets.
In a session filled with floor rejections, a conference committee standoff, and the adoption of a final compromise measure, the legislature passed SB 2136, which bans dual-currency sweepstakes casinos.
The measure now awaits formal enrollment and certification by legislative leadership before heading to the governor’s desk. If the governor signs the bill, it becomes law immediately.
Additionally, at the beginning of the week, the House passed SB 1992, which introduces a new offense targeting manipulation tied to prediction markets.
The bill makes it a felony to influence the outcome of an event while holding a financial interest tied to that outcome on a prediction market platform. SB 1992 now goes back to the Senate for concurrence.
Why it Matters:
Tennessee is cracking down on emerging gambling-adjacent sectors. If Gov. Bill Lee signs SB 2136, Tennessee will become the third state to enact a direct ban on sweepstakes casinos in 2026.
Meanwhile, SB 1992 moves one step closer to passage. If enacted, Tennessee could become one of the first states to take legislative action to address the growing concern of manipulation and insider trading on prediction market platforms.
https://www.gamblinginsider.com/news/156136/gambling-bills-tennessee-sweeps-ban-oklahoma-sports-betting-colorado-prop-bet