Capitol Fa - Your Illinois News Radar » Isabel’s Morning briefingCapitolFax.com

Capitol Fa - Your Illinois News Radar » Isabel’s morning briefingCapitolFax.com

* ICYMI: Federal judge sides with Kalshi, blocks new Illinois rules on prediction markets. Sun-Times… A judge has blocked Illinois from regulating prediction markets in the same way it does sportsbooks and other gambling options, ruling that the trades offered by the likes of Kalshi and Polymarket fall under the sole jurisdiction of federal regulators [...]

Judge rules in favor of Kalshi in fight over Illinois regulations – Crain’s – Wirepoints

A federal judge sided with Kalshi, finding that prediction markets are more like financial swaps, which are federally regulated, than gambling, which is subject to state oversight.

Federal judge blocks Illinois prediction market rules, siding with Kalshi

A U.S. federal judge has blocked Illinois from enforcing several new rules against prediction-market platforms, finding that sports event contracts offered by companies such as Kalshi likely qualify as swaps under federal law. U.S. District Judge Martha Pacold granted preliminary injunctions in cases involving KalshiEX, Coinbase and the Commodity Futures Trading Commission (CFTC), finding that some...

Federal judge sides with Kalshi, blocks new Illinois rules on prediction markets | Illinois State Bar Association

Federal judge sides with Kalshi, blocks new Illinois rules on prediction marketsA judge has blocked Illinois from regulating prediction markets in the same way it does sportsbooks and other gambling options, ruling that the trades offered by the likes of Kalshi and Polymarket fall under the sole jurisdiction of federal regulators even if their offerings resemble casino-style betting. Source: Chicago Sun

Federal judge sides with Kalshi, blocks new Illinois rules on prediction markets

A judge has blocked Illinois from regulating prediction markets in the same way it does sportsbooks and other gambling options, ruling that the trades offered by the likes of Kalshi and Polymarket fall under the sole jurisdiction of federal regulators even if their offerings resemble casino-style betting. But the injunction handed down Friday in Chicago’s federal district court by Judge Martha Pacold doesn’t shut the door on potential state taxe…