Amends TCA Title 39.
Tennessee SB1992 creates a Class E felony offense for individuals engaging in conduct intended to influence the outcome of an event while having a financial interest in a prediction market contract related to that event. The bill specifically targets actions by individuals who stand to benefit, directly or indirectly, from the outcome of unknown future events traded on prediction markets. Key provisions include the definition of "prediction-market" as a platform for trading contracts based on future event outcomes.
Tennessee SB1992 creates a Class E felony offense for individuals engaging in conduct intended to influence the outcome of an event while having a financial interest in a prediction market contract related to that event. The bill specifically targets actions by individuals who stand to benefit, directly or indirectly, from the outcome of unknown future events traded on prediction markets. Key provisions include the definition of "prediction-market" as a platform for trading contracts based on future event outcomes.
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