Tennessee orders prediction platforms to cease operations, BNY launches tokenized deposits, OKX restructures institutional team
In this week’s edition of the weekly recap, Tennessee officials issued cease-and-desist orders to major prediction market platforms alleging unlicensed sports wagering, while BNY advances the tokenized deposit platform launch. Summary Tennessee ordered Kalshi, Polymarket and Crypto.com to halt sports prediction markets. BNY Mellon launched blockchain-based deposit settlement as banks expand into crypto rails. Truebit
