Kalshi blasts Illinois sports betting law with fresh lawsuit
Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses...
Tag : Illinois
Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go...
Kalshi sues Illinois officials over prediction markets restrictions
Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform....
Bitcoin Price Prediction: Illinois Crypto Transfer Tax Proposal Adds New Regulatory Pressure
Bitcoin price is butchered as a wave of state-level regulatory pressure lands on a market prediction that is grinding through consolidation. Illinois just became the...
Michael Saylor blasts Illinois crypto tax as “Big Mistake”
Illinois has approved a new 0.2% tax on crypto transactions that state officials estimate could generate up to $60 million annually, prompting public criticism from...
Illinois governor approves crypto transaction tax despite industry uproar
Illinois is going ahead with a 0.2% “privilege tax” on crypto transactions involving its residents under a new $55.9 billion state budget bill signed Tuesday....
Illinois lawmakers approve crypto tax with felony penalties
According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency...
Crypto tax in Illinois FY2027 budget is one step away from becoming law
Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday,...
New York, Illinois sign EO banning state employees from prediction markets
New York Governor Kathy Hochul has signed an executive order banning state employees from betting on prediction markets, following a similar move by Illinois earlier...
New York, Illinois Ban Government Employees From Insider Trading on Prediction Markets
In brief New York and Illinois banned government employees from using insider information to trade on prediction markets. The moves come as both states challenge...