Licensing and Consumer Protection at the Center of the Dispute

[bonk]

The Tennessee Sports Wagering Council emphasized that licensed sportsbooks must meet strict consumer protection standards, including age verification, responsible gaming tools and anti–money laundering controls. Regulators say these safeguards are missing or insufficient on platforms like Kalshi, Polymarket and Crypto.com.

From the state’s perspective, this creates an uneven playing field and exposes consumers to greater risk. The council argues that allowing unlicensed prediction markets to operate would undermine the regulatory framework designed to protect bettors and ensure fair, transparent wagering.

[cryptobro]

voiding contracts + refunds is a pretty hard line, tennessee not messing around