States / Tennessee
Legal status · as of Oct 15, 2026
Are prediction markets legal in Tennessee?
In court
Tennessee issued cease-and-desist orders in Jan 2026. A district court sided with Kalshi, but the Sixth Circuit vacated that injunction and remanded on Sept 25, 2026, clearing the way for enforcement.
State actions
Regulator orders, lawsuits, rulings and laws, newest first.
| Date | Action | What happened | Sources |
|---|---|---|---|
| Oct 9, 2026 | Other | Kalshi asks the Sixth Circuit to rehear (panel or en banc) its loss to Ohio and Tennessee. (Kalshi) | Straight to the Point: PM Corner on the CFTC's new rules · DeFi Rate prediction-market lawsuit tracker |
| Sep 25, 2026 | Other | Sixth Circuit vacates Kalshi's preliminary injunction and remands, allowing enforcement. (Kalshi) | Sixth Circuit opinion (PDF) primary · The Block |
| Feb 19, 2026 | Other | Judge Aleta Trauger (M.D. Tenn.) grants Kalshi a preliminary injunction, finding the contracts are swaps. (Kalshi) | SBC Americas |
| Jan 9, 2026 | Cease and desist | Sports Wagering Council orders a halt; Kalshi sues the same day. (Kalshi, Polymarket, Crypto.com) | SBC Americas · CoinDesk |
Cases involving Tennessee
Select a case for its full history and sources, or see the legal tracker.
| Case | Status | Last action | Sources |
|---|---|---|---|
| Kalshi v. Tennessee U.S. Court of Appeals for the Sixth Circuit; U.S. District Court for the Middle District of Tennessee | Kalshi's injunction vacated on appeal; rehearing petition pending | Oct 9, 2026 Kalshi petitioned for panel rehearing and rehearing en banc. | Sixth Circuit opinion (PDF) primary · M.D. Tenn. order granting PI (Justia) primary · M.D. Tenn. docket (CourtListener) primary · News: InGame (Tennessee PI) · Tracker: Mick Bransfield prediction-market litigation tracker · Straight to the Point: PM Corner on the CFTC's new rules · DeFi Rate prediction-market lawsuit tracker |
Prediction markets in Tennessee: questions
Are prediction markets legal in Tennessee?
In court. Tennessee issued cease-and-desist orders in Jan 2026. A district court sided with Kalshi, but the Sixth Circuit vacated that injunction and remanded on Sept 25, 2026, clearing the way for enforcement. Exchanges registered with the CFTC, including Kalshi, say federal law lets them offer event contracts in every state; that question is being fought in court. This summarizes public actions and is not legal advice.
What is the latest prediction market action in Tennessee?
Oct 9, 2026: Kalshi asks the Sixth Circuit to rehear (panel or en banc) its loss to Ohio and Tennessee.
Is there a lawsuit over prediction markets in Tennessee?
Yes. Kalshi v. Tennessee (U.S. Court of Appeals for the Sixth Circuit; U.S. District Court for the Middle District of Tennessee): Kalshi's injunction vacated on appeal; rehearing petition pending.
This page reports court, regulator and legislative actions with links to the filings and coverage. It is not legal advice. The tracker is re-checked every Monday and Thursday. All states · Legal tracker