Tennessee has imposed a ban on sports betting for Kalshi and Polymarket.

Breaking News from Tennessee

Tennessee has requested that platforms such as Kalshi, Polymarket, and Crypto.com suspend their sports betting contracts. State officials claimed that these platforms are not operating within the legal framework. The decision is said to have wide-ranging effects on the sports betting industry.

Tennessee, known for its strict policies regarding betting market regulations, is sending a message to other states with this move. Betting regulations, particularly in recent years, have been rapidly changing. This situation creates uncertainties for investors and users.