Key Takeaways:
SB 2136 bans virtual, dual, and multi-currency online sweepstakes casino games; SB 1992 makes prediction market manipulation a Class E felony.Tennessee becomes the seventh U.S. state to outlaw sweepstakes casinos, joining California, Connecticut, New Jersey, New York, Montana, and Louisiana.The prediction market law follows Tennessee’s failed civil enforcement effort against Kalshi in February.The signing concludes a 10-day decision window for Lee. Alongside signing the bills or directly vetoing them, the governor also had the option to let the bills become law without signature, which would have produced the same legal outcome but distanced the governor from the policy choice.
