Senate Bill 1992 amends Tennessee Code Annotated, Title 39, by introducing a new section that criminalizes certain conduct related to prediction markets. Specifically, the bill makes it an offense for a person to engage in actions intended to influence the outcome of an event while being a party to a contract with a prediction market, from which they would benefit. This violation is classified as a Class E felony, highlighting the seriousness of the offense.

The bill defines "prediction-market" as a platform where individuals can trade contracts based on the outcomes of unknown future events. The provisions of this act are set to take effect on July 1, 2026, emphasizing the state's intent to regulate activities surrounding prediction markets and protect the integrity of such events.