CFTC Orders Prediction Markets to Exit Tennessee by Jan. 31, 2026
The CFTC has ordered prediction market firms to exit Tennessee by Jan. 31, 2026. Learn about the mandatory refunds and contract voiding measures.
The clock is ticking for prediction markets in Tennessee. Federally regulated firms have been ordered to shut down all activities in the state by Jan. 31, 2026. The Commodity Futures Trading Commission (CFTC) issued a stern mandate requiring immediate operational halts and deposit refunds.
Details of the CFTC Tennessee Prediction Market Shutdown 2026
According to reports, the CFTC has instructed firms to complete three major tasks by the end of this month. These include refunding all customer deposits, voiding open contracts, and ceasing all Tennessee-based operations. This enforcement action targets firms that, despite being federally regulated, must comply with state-specific legal frameworks.
Impact on the Fintech Landscape
The move has sent ripples through the prediction market industry. Experts suggest this could set a precedent for how other states handle decentralized or innovative betting platforms. Firms are now scrambling to notify users and ensure 100% of deposits are accounted for before the January deadline.
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