Polymarket Hit with Cease-and-Desist in Tennessee Post US Relaunch
According to reports, Polymarket is facing a cease-and-desist order from Tennessee's Sports Wagering Council. The order comes shortly after the platform's relaunch in the United States. The council also issued similar letters to Kalshi and Crypto.com, threatening potential criminal prosecution. The development signals increasing regulatory scrutiny within the cryptocurrency and prediction market space.
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