Prediction Markets in Tennessee (TN)
Prediction market legality in Tennessee (TN) — which platforms are available, legal status, and regulations. Updated April 2026.
Legal Status
Tennessee sent a cease-and-desist letter to Kalshi, but in February 2026 a federal court granted Kalshi a preliminary injunction, finding that sports event contracts 'likely are swaps' and that the CEA preempts state gambling law.
Platform Availability in Tennessee
5 of 5 major prediction market platforms are available in Tennessee.
| Platform | Type | Available |
|---|---|---|
| Kalshi | CFTC-regulated exchange | Yes |
| Polymarket | CFTC (via QCEX) | Yes |
| Robinhood Predictions | SEC/FINRA brokerage | Yes |
| DraftKings Predictions | State gaming license | Yes |
| FanDuel Predicts | State gaming license | Yes |
What You Should Know
Full platform availability. Federal court ruling is a strong precedent for prediction market legality. Tennessee has legalized online sports betting.
Our Recommendation for Tennessee
Start with Kalshi — CFTC-regulated, available in all 50 states, and the safest legal foundation for prediction market trading.
Add DraftKings Predictions — licensed in Tennessee with the widest sports market selection.
Sources
- • Federal court preliminary injunction (Feb 2026)
- • CFTC DCM registry
- • Platform terms of service (April 2026)