State guide

Prediction Markets in Tennessee

SportsAvailableOther marketsAvailable

Tennessee has legal sports betting. Other event contracts on venues that list the state stay on this snapshot’s Available note.

Sports: Available
Other markets: Available
As of Oct 2026
Cents / $0–$1

Dated snapshot — broadly reachable on this note. how we label the map

SportsAvailableOther marketsAvailable

Status as of October 9, 2026. Nashville awards season still settles in cents. Other event contracts stay on this snapshot’s Available note. Snapshot as of October 9, 2026. Not legal advice.

State action

On September 25, 2026, the U.S. Court of Appeals for the Sixth Circuit held: “We hold that Kalshi has not shown that its sports-event contracts satisfy the statutory definition of a ‘swap’ so as to fall within the scope of the CFTC’s ‘exclusive jurisdiction.’

And, even assuming that Kalshi’s sports-event contracts are swaps, we alternatively hold that the CEA neither expressly nor impliedly preempts Ohio’s or Tennessee’s gambling laws. Thus, we affirm the Southern District of Ohio’s denial of a preliminary injunction, vacate the Middle District of Tennessee’s entry of a preliminary injunction, and remand for further proceedings consistent with this opinion.”

That holding covers Ohio and Tennessee, and it covers sports-event contracts. The opinion separates those contracts from event contracts Kalshi had offered on climate, crypto, economics, politics, and popular culture. Other markets stay Available on this snapshot.

On October 9, 2026, the Tennessee Sports Wagering Council told Underdog to stop offering sports event contracts, including combined fantasy and prediction entries, to customers in Tennessee immediately. The letter cites the Sixth Circuit decision. It says Underdog holds a Tennessee fantasy sports license but no sports wagering license. On October 13, 2026, Underdog Exchange DCM, Inc. and UDM, LLC sued Tennessee Attorney General Jonathan Skrmetti and Sports Wagering Council officials in the Middle District of Tennessee (No. 3:26-cv-01461). A complaint is a request, not an order. The docket shows no ruling on the claims as of its last filing, October 16, 2026.

Check the app before you trade. Event-contract trading risks money you can lose.

Sixth Circuit opinion (Sept. 25, 2026)
Tennessee Sports Wagering Council letter to Underdog (Oct. 9, 2026) · checked October 18, 2026
M.D. Tenn. docket, Underdog Exchange DCM v. Skrmetti · checked October 18, 2026

What’s the status in Tennessee?

Music and awards contracts still need a named ceremony and category — see the entertainment guide. An awards headline is not a venue partnership. Sportsbook brands are a separate door.

Venues that list Tennessee may offer designated contracts — confirm in-app.
Music and awards contracts still settle in cents.
No affiliate claims.

What prediction market platforms are available in Tennessee?

Comparison listings. Tennessee sports betting is not a prediction endorsement.

What to check before you open an account

Entertainment contracts and statewide offices show up. Sportsbook brands are a separate door. Organization, category, and year on awards markets.

Awards markets
Organization, category, year.
Statewide races
Certification first.

Rules and oversight in Tennessee

CFTC overlay for designated contracts.
Operator screens control access.

Tennessee Sports Wagering Council · checked October 20, 2026
7 U.S.C. § 7a-2(c)(5)(C) (CFTC review of event contracts) · checked October 20, 2026

Common questions

Are prediction markets available in Tennessee?

Other event contracts stay on this snapshot’s Available note. Confirm each product.

Are Grammy-style contracts local here?

They may feel local. They still need a named ceremony and category. See the entertainment guide.

Prices discussed here are cents or $0–$1 shares only. Informational — not legal advice, and not a solicitation.

No side. We date the snapshot.

Sourced from public filings, operator terms, and official materials — not from a partner desk.

As of Oct 2026. View methodology