# Tennessee Articoli collegati

Il Centro Notizie HTX fornisce gli articoli più recenti e le analisi più approfondite su "Tennessee", coprendo tendenze di mercato, aggiornamenti sui progetti, sviluppi tecnologici e politiche normative nel settore crypto.

Tennessee Plans Strategic Bitcoin Reserve Allocating Up To 10% Of State Funds

Tennessee is proposing a bill, HB1695, to establish a Strategic Bitcoin Reserve, allowing the state Treasurer to invest up to 10% of state funds in Bitcoin. This initiative, designed as an inflation hedge, includes secure custody protocols and restricts holdings to Bitcoin. Following Texas's precedent of integrating Bitcoin into its treasury strategy, Tennessee's bill will undergo legislative scrutiny. Other states like West Virginia and Missouri are also advancing similar proposals to allocate state funds to cryptocurrency reserves, highlighting a growing trend in U.S. state-level Bitcoin adoption.

bitcoinist01/16 22:02

Tennessee Plans Strategic Bitcoin Reserve Allocating Up To 10% Of State Funds

bitcoinist01/16 22:02

Nibbling Away at a Hundred-Billion-Dollar Gambling Cake, Prediction Markets Face Bans from Multiple States

Prediction markets are facing regulatory crackdowns in multiple U.S. states, with Tennessee’s Sports Wagering Council (SWC) recently issuing cease-and-desist orders to platforms including Kalshi, Polymarket, and Crypto.com. These platforms, though registered with the CFTC as designated contract markets, are accused of offering illegal sports betting products without state licensing. They must halt operations in Tennessee by January 31 or face penalties. The conflict stems from the rapid growth of both the legal U.S. sports betting market—which reached $148.7 billion in handle in 2024—and prediction markets, which saw trading volume surge to $40 billion in 2025, up 400% year-over-year. Sports-related event contracts now dominate prediction market activity. While sports betting is regulated at the state level, prediction markets subject to federal oversight argue they offer “event contracts” rather than gambling, creating a regulatory loophole. This has led to legal battles in several states, including Nevada, New Jersey, and Maryland, with mixed court rulings so far. The outcome of ongoing appeals could set a national precedent, determining whether prediction markets must comply with state gambling regulations or can operate under federal rules alone.

比推01/12 15:23

Nibbling Away at a Hundred-Billion-Dollar Gambling Cake, Prediction Markets Face Bans from Multiple States

比推01/12 15:23

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Face Crackdown from the Established Order

Pioneering prediction markets like Polymarket, Kalshi, and Crypto.com’s Truth Predict are facing regulatory pushback in the U.S., particularly from state authorities overseeing sports betting. On January 9, the Tennessee Sports Wagering Council (SWC) issued cease-and-desist orders to these platforms, accusing them of offering illegal sports gambling products without state licensing, despite being registered with the CFTC as designated contract markets. The conflict stems from the rapid growth of both sectors. Since the federal ban on sports betting was overturned in 2018, 30 states—including Tennessee—have legalized online sports betting, generating billions in wagers and significant tax revenue. In 2024 alone, U.S. sports betting handle reached $148.74 billion, with taxes contributing $2.82 billion. Tennessee collected $97.16 million in taxes from sports betting in 2024. Prediction markets, which trade “event contracts” classified as financial derivatives under CFTC jurisdiction, have surged in popularity. Their 2025 trading volume hit $40 billion, a 400% increase from 2023, with sports-related contracts being the largest category. This growth threatens traditional sportsbooks, whose stocks have underperformed the market. Multiple states—including Maryland, Ohio, and Nevada—have taken action against prediction markets. Kalshi has challenged these actions in court, arguing federal compliance should preempt state regulations, but court rulings have been mixed. The legal battles are expected to escalate, potentially reaching the Supreme Court, as states defend their regulatory authority and tax base against what they perceive as unlicensed gambling operations.

marsbit01/12 02:55

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Face Crackdown from the Established Order

marsbit01/12 02:55

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Are Being Hunted by the Old Order

Prediction markets are facing regulatory crackdowns in the United States, particularly from state-level authorities overseeing the lucrative sports betting industry. The Tennessee Sports Wagering Council (SWC) recently issued cease-and-desist orders to platforms like Kalshi, Polymarket, and Crypto.com, demanding they halt sports-related prediction contracts for state residents. The SWC alleges these platforms are offering illegal gambling services without a state license, despite being registered with the federal Commodity Futures Trading Commission (CFTC) as designated contract markets. This conflict stems from the rapid growth of both sectors. Since the federal ban on sports betting was overturned in 2018, the legal U.S. sports betting market has exploded, reaching nearly $150 billion in total bets in 2024. Tennessee, which legalized online-only sports betting, collected over $97 million in tax revenue from it in 2024. Prediction markets, which frame their offerings as "event contracts" (financial derivatives under CFTC purview) rather than gambling, have seen even more explosive growth, with trading volume surging 400% to $40 billion in 2025, with sports-related contracts being the largest category. This creates a "regulatory arbitrage," allowing prediction markets to operate without state licenses, addiction controls, or high gambling taxes, directly competing with and eroding the tax base of the traditional sports betting industry. The friction is not isolated to Tennessee; multiple other states have taken similar action. Kalshi has challenged several states in court, arguing federal regulation preempts state law, but court rulings have been mixed and the issue is expected to eventually be decided by the U.S. Supreme Court. The core of the conflict is the fundamental similarity of the services offered versus their differing regulatory classifications, setting the stage for a prolonged legal battle over this grey area.

Odaily星球日报01/12 02:50

Disrupting the Billion-Dollar Gambling Industry, Prediction Markets Are Being Hunted by the Old Order

Odaily星球日报01/12 02:50

Tennessee Regulator Sends Cease-And-Desist Letters To Polymarket, Kalshi, Crypto.com — Details

The Tennessee Sports Wagering Council (SWC) has issued cease-and-desist letters to prediction market platforms Polymarket, Kalshi, and Crypto.com, accusing them of offering illegal sports betting contracts to state residents without the required licenses. The regulator ordered the firms to void all pending contracts from Tennessee customers and refund their deposits by January 31, 2026. It cited significant consumer protection risks and threatened fines of up to $25,000 per violation, as well as injunctive relief for non-compliance. This action highlights increasing state-level regulatory scrutiny of prediction markets, even though these platforms are registered with the CFTC and permitted to operate nationally. Similar orders were previously issued in Connecticut.

bitcoinist01/11 19:01

Tennessee Regulator Sends Cease-And-Desist Letters To Polymarket, Kalshi, Crypto.com — Details