Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts
Tennessee has ordered Kalshi, Polymarket, and Crypto.com to cease their sports betting contracts, citing violations of state regulations. The state's decision comes as part of a broader effort to enforce compliance within the sports betting industry. Officials emphasized the importance of adhering to legal standards to protect consumers. The affected companies have been instructed to halt their operations immediately while they review their practices. This move highlights the ongoing regulatory scrutiny facing online betting platforms in the U.S.
Read the full article: CoinDesk