2026-01-11 13:22:25

The Tennessee Sports Gaming Commission has issued an order to prediction market platforms such as Kalshi and Polymarket, requiring them to immediately cease offering sports contracts to residents of the state, and also demanding that the platforms void existing contracts and complete refunds by January 31, 2026. The regulatory authorities claim that these platforms are conducting betting operations without state approval, violating local laws. However, the platforms are not backing down and insist that the Commodity Futures Trading Commission (CFTC) is the primary regulator of such derivatives, and its authority should take precedence over state regulators. This legal dispute reflects the ambiguity surrounding the regulatory status of prediction markets in the United States.

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Ramen_Until_Rich

· 01-13 19:29

The state government is messing around again. CFTC is already in charge, and now they want to intervene? A typical power struggle.

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GasFeePhobia

· 01-11 13:46

Here we go again, state regulators causing trouble again, they simply don't understand the logic of derivatives. It's really CFTC vs. state governments, with users caught in the middle. By the way, Polymarket should have dealt with this issue long ago. Now prediction markets are again caught in the crossfire; compliance has always been a mess. It feels like each US state wants a piece of the pie, and their rules are all different. Kalshi is fighting back well; they should stand their ground. Who says states can just ban it at will? Wait, refunds only in January 2026? Are they dragging out the process or is it really complicated? Prediction markets in the US have truly become a survival game in the cracks. Bad news, someone will be affected because of unclear regulations again. If this continues, either everything gets banned or everything is fully open. The in-between state is the most uncomfortable.

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PretendingToReadDocs

· 01-11 13:35

The state government is causing trouble again, with the CFTC and state regulators passing the buck back and forth. The prediction market in the US really can't be trusted.

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RugpullSurvivor

· 01-11 13:29

Here we go again, does the state government want to cause trouble? Why are the federal and state governments fighting again? When will these two finally get on the same page?

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LiquidityLarry

· 01-11 13:27

State law vs. federal authority, once again a showdown between traditional regulation and new-era assets... Kalshi might be in for a tough fight this time.

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