Tennessee authorities have mandated that prediction market platforms including Kalshi and Polymarket cease offering sports betting services. Platforms must comply or face enforcement penalties and mandatory refund obligations. The regulatory action marks another significant compliance challenge for decentralized prediction markets in the US.
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TheShibaWhisperer
· 13h ago
Here we go again, US regulators are causing trouble for prediction markets... This time Tennessee has taken action, and Kalshi and Polymarket are required to stop sports betting. Otherwise, they can expect fines and refunds.
By the way, these folks are really making decentralization difficult. One state has one rule, when will it finally settle down?
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SerumSquirter
· 15h ago
Here we go again, this is how the US is—regulations come one after another. Kalshi and Polymarket really have to admit defeat this time.
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GasFeeTherapist
· 01-11 18:03
Here we go again. The US is cracking down on prediction markets again, with Kalshi and Polymarket directly banned and forced refunds? The regulatory crackdown is pretty intense.
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AirdropAutomaton
· 01-11 18:03
Here we go again. As soon as the US issues an order, prediction markets have to obediently admit defeat? Kalshi and Polymarket are probably going to be fined this time, right?
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CountdownToBroke
· 01-11 17:47
Here we go again. In the US, each state has its own regulations, and Kalshi and Polymarket have to bow their heads once more.
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MultiSigFailMaster
· 01-11 17:38
Here we go again, Tennessee, are you trying to push everyone onto the chain?
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SilentObserver
· 01-11 17:38
Here we go again, the US keeps banning things... Relying on regulation probably won't kill these platforms, right?
Tennessee authorities have mandated that prediction market platforms including Kalshi and Polymarket cease offering sports betting services. Platforms must comply or face enforcement penalties and mandatory refund obligations. The regulatory action marks another significant compliance challenge for decentralized prediction markets in the US.