[Tennessee Orders Kalshi, Polymarket, and Crypto.com to Cease Offering Sports Event Contracts to State Residents] According to Coindesk, Tennessee regulators have ordered Kalshi, Polymarket, and Crypto.com to stop offering sports event contracts to residents of the state, accusing these companies of operating without the necessary licenses and violating the state's gambling laws. These companies are currently registered with the U.S. Commodity Futures Trading Commission (CFTC) as designated contract markets, providing users with the ability to purchase contracts based on sports event outcomes. However, under Tennessee's Sports Gaming Act, any entity accepting bets on sports events must hold a license issued by the state government.