Tennessee News & Prediction Market Coverage
Track the latest Tennessee news across prediction markets. Prediction News is following 6 active Tennessee stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Sixth Circuit rules against Kalshi, lets Ohio and Tennessee enforce gambling laws
LegalFanDuel Predicts and Kalshi test federal rules against Alabama sports betting ban
TradingKalshi traders push Tennessee to 82% favorite over Georgia Tech
TradingBaltimore sues Kalshi and Polymarket, adding Coinbase, Robinhood and Webull
LegalSenate panel to examine prediction markets' impact on tribal gaming revenue
LegalSixth Circuit panel skeptical of Kalshi preemption claim in Ohio and Tennessee sports cases
Frequently Asked Questions
Is Kalshi legal in Tennessee?
Kalshi's sports event contracts face active opposition from the state; Tennessee AG Skrmetti is appealing a district court ruling that had blocked enforcement of state sports wagering laws against the platform.
Why is Tennessee appealing the Kalshi ruling?
The state contends Kalshi's products are illegal sports betting disguised as swaps, seeking to restore its ability to enforce sports wagering laws and set precedent for other states.
What is Tennessee's position on prediction markets?
Tennessee is enforcing its sports wagering laws against Kalshi's sports contracts while regulating licensed online sports betting through the Sports Wagering Council.
Has the Sixth Circuit ruled on Kalshi in Tennessee?
Oral arguments were heard but no decision has been issued; the appeal remains pending and would create binding precedent for Michigan, Ohio, Kentucky, and Tennessee.
Does Sen. Blackburn influence prediction market policy?
Sen. Marsha Blackburn (R-Tenn.) chaired a Senate hearing on sports betting and prediction market rules, highlighting concerns including insider trading allegations.