Tennessee asks CFTC to ‘not permit’ sports event contracts

Tuesday, April 15, 2025 8:10 PM
Photo:  By Gamecock Central - https://www.flickr.com/photos/100058519@N05/51864703630/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=115238163
  • Chris Altruda, Casino Reports

The Tennessee Sports Wagering Council has sent the Commodity Futures Trading Commission a letter asking the federal agency to “not permit” the offering of sports event contracts in the Volunteer State.

The letter, signed by Executive Director Mary Beth Thomas, does not carry the force of cease-and-desist letters that state gaming agencies in Nevada, New Jersey, Ohio, Maryland, and Illinois sent to trading platforms including Kalshi and Robinhood. The SWC sent the letter to be included in the CFTC’s scheduled April 30 roundtable on the hot-button subject, which has entered judicial phases in Nevada and New Jersey.

Kalshi won a preliminary injunction and temporary restraining order against the Nevada Gaming Control Board last Tuesday, and the New Jersey Division of Gaming Enforcement must submit its opposition brief in District Court there by Friday.