Tennessee Orders Cessation of Sports Betting Contracts by Kalshi, Polymarket, and Crypto.com
- The firms were instructed to cease all Tennessee-based activities.
- They must refund customer deposits related to sports betting contracts.
- Open contracts must be voided by January 31.
- These companies are federally regulated by the CFTC.
The directive impacts operations for Kalshi, Polymarket, and Crypto.com, emphasizing regulatory oversight in the sports betting market. This action highlights the ongoing scrutiny of digital platforms involved in gambling activities.
As part of the order, these firms must complete refunds and contract cancellations by January’s end, reflecting strict compliance measures from state authorities. (Source)
