Tennessee Orders Major Platforms to Cease Sports Betting Contracts
- Tennessee has mandated Kalshi, Polymarket, and Crypto.com to stop all sports betting contracts.
- The deadline for compliance is set for January 31, 2026.
- Failure to comply may lead to fines reaching up to $25,000.
- Criminal charges could also be filed against non-compliant entities.
This order highlights the regulatory landscape surrounding online betting platforms and the importance of local licensing in Tennessee’s legal framework. Compliance with state laws is crucial for these companies to operate legally.
As a result of this order, Kalshi, Polymarket, and Crypto.com must halt their operations by January 31, or face significant penalties including fines up to $25,000 and potential criminal charges. (Source)
