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 due to regulatory concerns. The state's action stems from the companies' operations involving prediction markets, which officials believe may violate state gambling laws. The Tennessee Education Lottery Corporation emphasized the need for compliance with existing regulations governing sports betting. This decision reflects ongoing scrutiny of digital platforms involved in betting and prediction markets. The affected companies have been instructed to halt their activities until further notice.
Read the full article: CoinDesk