2026-01-11 02:27:52

Tennessee's regulatory authorities have issued a directive requiring prediction market platforms and crypto derivatives firms to cease all sports betting operations within the state. Specifically, Kalshi, Polymarket, and Crypto.com have been ordered to completely suspend their Tennessee operations, process full refunds of customer deposits, and liquidate all existing open positions. The compliance deadline is set for January 31st. This enforcement action reflects ongoing tensions between state-level regulators and decentralized finance platforms offering derivatives and prediction markets, signaling tightening scrutiny on the intersection of crypto trading and sports betting regulations across U.S. jurisdictions.

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SellTheBounce

· 01-11 02:49

The regulatory iron fist is coming again. I've always said that derivative trading is just for the bagholders... Tennessee, this blow is just the beginning, there's always a lower point waiting for you.

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gaslight_gasfeez

· 01-11 02:48

Here we go again, the state government is messing with prediction markets? It's really getting on my nerves.

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ImpermanentSage

· 01-11 02:34

Here we go again, the state government is about to take action, this time it's Tennessee. US regulation is getting increasingly strict, platforms like Kalshi and Polymarket are directly shut down... who still dares to play here? The deadline is January 31st, will there be another wave of withdrawals then? This is why I say crypto has no future in the US; once regulation hits, everything is doomed. Tennessee is trying to push all derivatives platforms out, it's outrageous. The suppression of prediction markets is really a huge regret; I was planning to give it a try. Another state, who will be next? This regulatory storm really can't be stopped. Alright, it's time to switch to overseas exchanges.

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GasFeeTherapist