Elections Intelligence

Tennessee Governor

OPEN SEATSafe R

Bill Lee (R) has held this seat since 2019 and is term-limited.

Jerri Green Open-seat nominee
6.3¢
Candidate market · checked 2:09 PM ETView on Kalshi ↗
94.6¢
Marsha Blackburn Open-seat nominee

FTP Race Signal

FTP Race SignalA composite of market, polling and money. The prediction-market price anchors it; a polling average moves it: the last 30 days, or the three most recent pollsters when fewer polled. Polls paid for by a candidate, party or allied group move 2 points toward the other side and count half. When the three most recent independent pollsters each have the race within three points, it is a Toss-up unless the market is already decisive. Fundraising counts only at a five-to-one gap. Past results are context, not inputs. A rating changes only when the evidence clears the line.

The market is less sure of this seat than its history is: a 32-point Republican hold in 2022, priced at 94.6¢ today.

Safe R
Safe DLikely DLean DToss-upLean RLikely RSafe R
Polling · Likely RR+11 (average of 2 pollsters, Sep 12). Market · Likely RR 94.6¢: traders' price for a Republican hold. Prior result · Safe RR+31.99 in 2022.

Market and polls both favor Blackburn.

Polling moved 4 points toward the Democrat over 17 days. As of October 12.

Market

BandPRICEToss-up50¢ to 65¢Lean65¢ to 82¢Likely82¢ to 95¢Safe95¢ and above
R 94.6¢
Blackburn94.6¢Green6.3¢

Kalshi market · checked 2:09 PM ET

View market on Kalshi ↗

Polling

BandPOINTSToss-up0 to 5Lean5 to 10Likely10 to 20Safe20 and above
R+11
TargetSmart ↗ C Sep 9 to 12 · n=600 LV R+9 Independent
Targoz ↗ C+ Aug 15 to 26 · n=1,200 RV R+13 Independent

Average of the latest poll from each of the 2 most recent pollsters; fewer than three polled in the last 30 days.

Earlier polls · 1
Targoz Market Research ↗ April 20 to 27, 2026 · n=1,200 RV R+24 Independent

Prior result

BandPOINTSToss-up0 to 5Lean5 to 12Likely12 to 25Safe25 and above
R+32.0

Bill Lee (R)

64.9% to 32.9% · 2022 general election

def. Jason Brantley Martin (D). Margin verified against retrieved official results.

Fundraising

BandRATIO TO 1Parity1 to 5Lean5 and above
15.3 to 1

Raised Jan 1, 2025 to Jul 27, 2026

Jerri Green$698.2K ↗$118.0K cash
Marsha Blackburn$10.75M ↗$2.69M cash

Total receipts, January 1, 2025 to July 27, 2026.

The general election is on November 3, which is 22 days away.