Criminal Offenses - As enacted, creates a Class E felony offense when a person, for the purpose of deriving a pecuniary benefit, engages in conduct intended to influence the occurrence or nonoccurrence of an event while the person, or another acting in active concert with the person, is a party to a contract traded on a prediction-market by which the person will derive such pecuniary benefit directly from the settlement of that contract based on the occurrence or a nonoccurrence of the event. - Amends TCA Title 39.
SB 1992 creates a new Class E felony offense for intentionally influencing the outcome of an event when a person or another party has a financial contract with a prediction market that benefits from that outcome. It directly affects individuals using prediction markets - defined as platforms where people trade contracts based on unknown future events - such as sports, elections, or economic indicators. The law prohibits conduct meant to sway results for personal financial gain through these markets, treating violations as serious criminal offenses. The bill takes effect July 1, 2026, and defines "prediction-market" specifically to clarify the scope of the new crime.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2026
Committee Review
Mar 2026
Senate Passage
Apr 2026
House Passage
May 2026
Signed into Law
May 2026
Introduced Feb 2, 2026
Signed May 22, 2026
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
26
Key actions
12
Committee
7
Amendments
1
May 22, 2026
Signed into law
Signed by Governor.
lower
May 7, 2026
Lower · Passed
Signed by H. Speaker
lower
Apr 30, 2026
Upper · Passed
Signed by Senate Speaker
upper
Apr 21, 2026
Amended
Am. withdrawn. (Amendment 1 - HA0991)
lower
Apr 21, 2026
Lower · Passed
Passed H., Ayes 91, Nays 0, PNV 0
lower
Apr 9, 2026
Lower · Passed
Senate adopted Amendment (Amendment 1 - SA0828)
lower
Apr 9, 2026
Upper · Passed
Passed Senate as amended, Ayes 28, Nays 1
upper
Mar 23, 2026
Upper · Passed
Recommended for passage with amendment/s, refer to Senate Calendar Committee Ayes 7, Nays 0 PNV 1
upper
Mar 18, 2026
Lower · Passed
Placed on Senate Judiciary Committee calendar for 3/23/2026
lower
Mar 17, 2026
Lower · Passed
Reset on Final calendar of Senate Judiciary Committee
lower
Mar 16, 2026
Lower · Passed
Action deferred in Senate Judiciary Committee to 3/17/2026
lower
Mar 16, 2026
Lower · Passed
Placed on Senate Judiciary Committee calendar for 3/17/2026
lower
Mar 11, 2026
Lower · Passed
Placed on Senate Judiciary Committee calendar for 3/16/2026
lower
Feb 5, 2026
Committee
Passed on Second Consideration, refer to Senate Judiciary Committee
upper
Feb 2, 2026
Introduced
Introduced, Passed on First Consideration
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Ferrell Haile
RRepublican
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