Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting operations
Tennessee has become the latest US state to challenge prediction market platforms.
Prediction market news and analysis across both regulated and grey markets, focusing on the licences, partnerships and product launches that show where event betting sits within the wider gambling sector. We follow the growth of new platforms, the response from regulators and the shifts traditional sportsbooks make as prediction markets edge into the iGaming mainstream.
Tennessee has become the latest US state to challenge prediction market platforms.
Arizona has become the first US state to move against a licenced gaming operator over prediction market involvement, issuing...
Kalshi and Crypto.com announced the formation of the Coalition for Prediction Markets, establishing a unified trade body to defend...
Underdog has closed its sports betting operations in North Carolina, the only US state where its sportsbook was active,...
Betting exchange Matchbook is preparing to launch prediction markets in the UK within the coming months, before pursuing expansion...
Federal court temporarily blocks Connecticut from enforcing gambling laws against Kalshi pending February 2026 jurisdictional hearing.
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