Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts
The firms, federally regulated by the CFTC, were told to shut down Tennessee-based activity, refund deposits, and void open contracts by Jan. 31.
Betting
Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more… Read More
Polymarket Trader Loses Nearly $1M Betting Against Mamdani
Zohran Mamdani’s victory over Andrew Cuomo to become New York City’s 111th mayor drew record voter turnout and $424 million in Polymarket betting volume, leaving one trader nursing heavy losses after wagering against him. One bettor by the handle ‘fuxfux007’ is down $969,169 after betting… Read More