Tennessee regulator warned that failure to comply could trigger steep fines, court injunctions and potential law enforcement referrals for for further investigation. Tennessee’s sports betting regulator has ordered prediction market platforms Kalshi, Polymarket and Crypto.com to halt the offering of sports event contracts to residents of the state. In cease-and-desist letters dated Friday, the Tennessee Sports Wagering Council (SWC) accused all three platforms of illegally offering sports wagering products without holding a license issued under the Tennessee Sports Gaming Act, according to copies of the letters published on X by sports betting attorney Daniel Wallach. The SWC said the sports event contracts listed on Kalshi, Polymarket and Crypto.com’s North American Derivatives Exchange allow users to wager money on the outcome of sporting events, a practice Tennessee law reserves exclusively for licensed sportsbooks. The regulator argued that packaging the products as “event contracts” does not exempt them ...
Illustration by Abro The sentiment that ‘revolution was just around the corner’ serves as a poignant distillation of the 1960s ‘counterculture’ zeitgeist. It was a unique historical moment, where global currents of youthful middle-class dissent converged to create a sense of inevitability that the old order was about to collapse. There is a distinct sense of melancholy attached to this sentiment today, stemming from the fact that the revolution never actually materialised. The capitalist structures and political hierarchies that drew the fire of youthful protestors proved resilient. The survival of the status quo was largely due to the durability of the modern state. When pushed hard, governments effectively reinforced their ‘law and order’ platforms, a strategy that successfully appealed to a more cautious general public. They prioritised stability over radical change, allowing the state to reassert control. Capitalism demonstrated a remarkable capacity to co-opt the rebellion. Instead of being dismantled by...
Jan3 founder Samson Mow’s predictions are among the more bullish outlooks compared with most recent forecasts from other crypto market participants. Jan3 founder Samson Mow anticipates billionaire investor and Tesla CEO Elon Musk will aggressively move into Bitcoin in 2026. It was one of five bold Bitcoin (BTC) predictions from Mow for 2026, coming off a year where several Bitcoin forecasts from prominent crypto executives missed the mark. “@elonmusk goes hard into BTC,” Mow said in an X post on Saturday. Read more