Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to cease offering sports betting contracts in the state. According to reports, the order requires these firms to shut down their Tennessee-based activities. The companies must refund deposits to customers and void any open contracts by January 31, according to the reports. The firms are federally regulated by the CFTC. The development marks a change in the availability of certain crypto-related services within Tennessee.

Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to cease offering sports betting contracts in the state. According to reports, the order requires these firms to shut down their Tennessee-based activities. The companies must refund deposits to customers and void any open contracts by January 31, according to the reports. The firms are federally regulated by the CFTC. The development marks a change in the availability of certain crypto-related services within Tennessee.