Kalshi Challenges Illinois Prediction Market Law
Kalshi has launched a legal challenge against Illinois ahead of the state’s new prediction market regulations, arguing that federal law gives exclusive oversight authority to the Commodity Futures Trading Commission (CFTC) and prevents Illinois from imposing its own licensing and tax requirements. The company filed its lawsuit Tuesday in the U.S. District Court for the Northern District of Illinois. The case names Governor JB Pritzker, Attorney General Kwame Raoul, officials from the Illinois Gaming Board, and other state representatives as […] The post Kalshi Challenges Illinois Prediction Market Law appeared first on World Casino News.
Kalshi has launched a legal challenge against Illinois ahead of the state’s new prediction market regulations, arguing that federal law gives exclusive oversight authority to the Commodity Futures Trading Commission (CFTC) and prevents Illinois from imposing its own licensing and tax requirements. The company filed its lawsuit Tuesday in the U.S. District Court for the Northern District of Illinois. The case names Governor JB Pritzker, Attorney General Kwame Raoul, officials from the Illinois Gaming Board, and other state representatives as […]
The post Kalshi Challenges Illinois Prediction Market Law appeared first on World Casino News.
