Bully 2 is a hypothetical sequel to Bully. It has not been officially announced by Rockstar, which means it is not confirmed to exist at this time.
In November of 2006, Michael Pachter, a financial analyst who covers the videogame market, predicted that Bully had not sold well enough to warrant a sequel based on the sale. However, his prediction was that Bully would not sell well over the holidays, and when this prediction turned out to be untrue, Pachter apologized to Rockstar Games and called a sequel "a possibility". 
In an interview in 2009, scorer Shawn Lee claimed that he would be working on the soundtrack to a Bully 2 in "the not so distant future".
On July 29, 2013, Rocktar Games filed a trademark application for Bully. 
In August 2013, a resume-blog by Stan Capton, an uncredited voice artist in Bully, was discovered. In the blog, Capton claimed to be working on an action-adventure game for Take Two Interactive. The blog cited the game in question as 'To Be Determined' (TBD).
In a September 2013 interview, Dan Houser said that he has "numerous ideas" for another game in the Bully series. Houser specifically stated that it would "probably not" be a Grand Theft Auto clone featuring Jimmy as a protagonist, saying that Jimmy was "never that level of degenerate." 
In November 2013, Stan Capton's blog was updated to say that the To Be Determined action-adventure game was cancelled before Capton had a chance to record his lines.
In the summer of 2015, a hoax that Bully 2 was set to be released in October 2016 was started. The fake news story appeared on a few different content aggregate sites. The hoax's origin is unknown.
- Full interview with Shawn Lee
- Excerpt about Bully 2
- "Rockstar gives us hope for a Bully sequel" - Gamasutra
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