Bill > SB1992

This bill creates a new criminal offense in Tennessee, classifying it as a Class E felony, which is a mid-level felony offense. The offense is committed by anyone who, with the intent to gain financially, tries to influence the outcome of an event when they or someone working with them has a contract on a "prediction-market" that will pay them based on that outcome. A "prediction-market" is defined as a place where people buy and sell contracts tied to whether specific future events will happen or not. This law aims to prevent people from manipulating events for financial gain through these prediction markets.