Tennessee Bans Kalshi, Polymarket, and Crypto.com from Sports Betting Contracts
**Tennessee Orders Kalshi, Polymarket, and Crypto.com to Halt Sports Betting Contracts**
Tennessee regulators have directed Kalshi, Polymarket, and Crypto.com to terminate their sports betting contracts. This announcement came just days ago, underscoring the state's strict enforcement of its gaming regulations. The action has raised significant concerns among stakeholders in the online betting ecosystem.
The Tennessee Sports Wagering Advisory Council revealed the details this week, emphasizing that the state's laws prohibit the engagement of entities that do not conform to their established standards. Both Kalshi and Polymarket are known for offering predictive markets, while Crypto.com has increasingly ventured into sports betting territory. By halting these contracts, Tennessee reinforces its commitment to maintaining a tight regulatory framework.
According to officials, the state aims to ensure that all participants within the sports betting sector operate under a fair and secure system. The Department of Commerce and Insurance has stated that allowing non-compliant operators could jeopardize the integrity of sports wagering in Tennessee.
Regulatory actions like this one may serve as a signal to other states with similar frameworks. The state's proactive approach may influence how online betting platforms operate across the country, prompting them to prioritize compliance over expansion.
This directive reflects Tennessee's wider strategy to protect consumers and uphold the rules governing sports betting. As the landscape continues to evolve, the state is maintaining its vigilant oversight while ensuring that all operators adhere to the law.
This report is for informational purposes only and is not financial advice.