Tennessee regulators have directed Kalshi, Polymarket and Crypto.com to halt all sports contract–related activities in the state. The move targets crypto-linked sports contracts and prediction markets operating in Tennessee.
The New York Assembly has revived a bill aimed at cracking down on prediction market–based sports betting just as Polymarket announces a partnership with the NHL’s New York Rangers. The timing raises immediate regulatory risk for the platform and other crypto-based sports products.
Connecticut’s Department of Consumer Protection issued cease-and-desist orders on Dec. 4, 2025, accusing Robinhood, Crypto.com and Kalshi of offering unlicensed sports betting. The action underscores rising state enforcement against crypto-linked gambling and consumer risk concerns.
Polymarket has been appointed the UFC’s exclusive prediction market, rolling out real-time, crypto-based fan prediction tools to boost engagement and monetization. The tie-up brings blockchain-powered markets directly into the live sports experience.