Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to cease offering sports betting contracts in the state. According to reports, the firms, which are federally regulated by the CFTC, have been instructed to shut down their activities within Tennessee. The order requires these companies to refund deposits to customers and void any open contracts by January 31. The development impacts the availability of these platforms for Tennessee-based users interested in sports betting contracts.

Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to cease offering sports betting contracts in the state. According to reports, the firms, which are federally regulated by the CFTC, have been instructed to shut down their activities within Tennessee. The order requires these companies to refund deposits to customers and void any open contracts by January 31. The development impacts the availability of these platforms for Tennessee-based users interested in sports betting contracts.