Crypto

Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets

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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 into effect on July 1. The Trump CFTC has sued to prevent its enforcement.
  • The case marks the latest battle in a nationwide fight between states and the…

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