House Bill 2079, also known as Senate Bill 1992, proposes an amendment to Tennessee Code Annotated, Title 39, Chapter 14, Part 1, by introducing a new section that criminalizes certain activities related to prediction markets. Specifically, the bill states that a person commits an offense if they engage in conduct intended to influence the occurrence or nonoccurrence of an event for the purpose of deriving a pecuniary benefit while being a party to a contract traded on a prediction market. This offense is classified as a Class E felony. The definition of "prediction-market" is also clarified in the bill, describing it as a marketplace or exchange where individuals trade contracts based on specified future events.

The bill includes several key changes from the original language. It specifies that the person must derive a pecuniary benefit directly from the settlement of the contract based on the event's occurrence or nonoccurrence. Additionally, it expands the scope of the offense to include those acting in active concert with the person committing the offense. The effective date for this legislation is set for July 1, 2026, contingent upon the public welfare.