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2026-06-30 10:43:18 -

Kalshi Just Sued a US State — and the Outcome Could Decide Who Gets to Regulate Prediction Markets

Saving this one — a genuinely important regulatory battle unfolding in prediction markets right now. Kalshi has sued Illinois over Senate Bill 3019, a law taking effect July 1 that reclassifies its sports event contracts as state-regulated gambling, complete with licensing fees, a 15% tax, geofencing, and criminal penalties for non-compliance. Kalshi's defense centers on federal...

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