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Alexander Stefanov

Tennessee Orders Kalshi, Polymarket and Crypto.com to End Unlicensed Sports Event Contracts by January 31, 2026

On January 11, 2026, Tennessee’s Sports Wagering Council ordered Kalshi, Polymarket and Crypto.com to stop offering sports-related event contracts to state residents, calling them unlicensed sports betting under local law. The platforms must cancel Tennessee users’ existing sports positions and refund remaining balances by January 31, 2026, or face potential fines of up to $25,000 per violation.
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