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Illinois appeals injunction shielding some Kalshi and Coinbase sports contracts
The Seventh Circuit challenge leaves in place, for now, an order barring Illinois licensing, tax and enforcement actions against covered federally traded contracts.
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Illinois judge blocks key sports-wagering rules for Kalshi title-game contracts
The preliminary order finds certain championship-outcome contracts likely qualify as federally regulated swaps, but leaves Illinois’s new transaction fees for later review.
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Illinois legislator seeks repeal of new prediction-market sports tax
HB 5811 would remove Illinois’s levy on sports-related exchange wagers less than three months after it took effect.