Tennessee Orders Kalshi, Polymarket, and Crypto.com to Halt Sports Betting Operations
- Regulatory Action: The Tennessee Sports Wagering Council issued cease-and-desist orders to Kalshi, Polymarket, and Crypto.com, mandating an immediate halt to sports event contracts for state customers, demonstrating the state's zero-tolerance approach to unlicensed gambling activities.
- Legal Liability: The platforms are accused of operating without valid Tennessee wagering licenses, with potential fines of up to $25,000 per violation, highlighting regulators' emphasis on consumer protection and legal compliance.
- Refund Mandate: The council requires all platforms to refund all deposited funds by January 31, 2026, underscoring the commitment to user rights while exposing the platforms to potential legal challenges.
- Market Tension: This action reflects escalating friction between states and prediction markets, with Tennessee's firm stance likely prompting similar measures in other states, thereby impacting the operational landscape of the entire industry.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000596 | 0.00000891 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000891 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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