Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts

Tennessee has ordered Kalshi, Polymarket, and Crypto.com to stop offering sports betting contracts, citing violations of state laws. The Tennessee Education Lottery Corporation issued the cease-and-desist orders, emphasizing that these platforms are not authorized to operate in the state. The decision reflects ongoing regulatory scrutiny of online betting and prediction markets. The affected companies are expected to comply with the orders and reassess their operations in Tennessee.

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