Tennessee’s regulator has ordered prediction market platforms Kalshi, Polymarket, and Crypto.com to stop offering sports-related contracts in the state. Key Takeaways: Tennessee ordered Kalshi, Polymarket and Crypto.

Customers in most US states can legally trade shares on Kalshi for the upcoming NFC Wild Card matchup between the San Francisco 49ers and Philadelphia Eagles. By applying the Kalshi promo code PENNLIVE, first-time users can unlock a $10 bonus after trading $100.

It comes after someone made over $400,000 off of a well-timed trade on Polymarket, a competing prediction market platform.

Anthony Davis's next team market surged to 83 cents, reflecting a significant shift in trader sentiment. What other Kalshi markets are on the move up

A late-year surge helped Kalshi make $263.5 million in fee revenue in 2025, the vast majority coming from sports, putting it on a similar scale to the third tier of U.S. sports betting operators in terms of full-year performance.

Prediction market Kalshi is putting a new VIP program in place called "Kalshi Platinum" that gives super users merch and access to in-person events.