Tennessee Moves to Stop Sports Contracts on Prediction Market Platforms
Tennessee regulators have taken enforcement action against several high-profile prediction market platforms, ordering them to halt sports-related contracts offered to residents in the state. The Tennessee Sports Wagering Council (SWC) sent cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, asserting that the firms are offering unlicensed sports wagering products in violation of state law. The letters, dated January 9, instruct the companies to immediately stop providing sports event contracts to Tennessee customers, cancel all existing contracts involving state residents, and refund […] The post Tennessee Moves to Stop Sports Contracts on Prediction Market Platforms appeared first on World Casino News.
Tennessee regulators have taken enforcement action against several high-profile prediction market platforms, ordering them to halt sports-related contracts offered to residents in the state. The Tennessee Sports Wagering Council (SWC) sent cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, asserting that the firms are offering unlicensed sports wagering products in violation of state law. The letters, dated January 9, instruct the companies to immediately stop providing sports event contracts to Tennessee customers, cancel all existing contracts involving state residents, and refund […]
The post Tennessee Moves to Stop Sports Contracts on Prediction Market Platforms appeared first on World Casino News.
