Tennessee sends cease-and-desist letters to Kalshi, Polymarket, and Crypto.com

Tennessee has sent three cease-and-desist letters to prediction markets, Kalshi, Polymarket, and Crypto.com, demanding an immediate end to operations.

Three major prediction markets have been instructed to cease operations in Tennessee, after the Tennessee Sports Wagering Council sent cease-and-desist letters to Kalshi, Polymarket, and Crypto.com. As shared by gambling lawyer David Wallach, the letters state that each of the three prediction markets are not compliant with Tennessee laws and represent “an immediate and significant threat to the public interest of Tennessee.”

BREAKING: Tennessee Sports Wagering Council sends cease-and-desist letters to Kalshi (