Tennessee orders Kalshi, Polymarket and Crypto.com to stop sports contracts
Tennessee’s Sports Betting Council ordered Kalshi, Polymarket and Crypto.com to stop taking bets from state customers, cancel open contracts and issue refunds by the end of January. The council alleges the platforms offer sports contracts without required state licences and says non-compliance could lead to escalating fines; Kalshi disputes the state’s authority and filed a federal lawsuit.
The order requires the named platforms to halt Tennessee activity and resolve open contracts while Kalshi challenges the council’s authority.