Illinois Court Blocks State Gambling Rules for Kalshi
Photo: CasinoBeats
A federal district court ruling in Illinois has barred the state from applying its own gambling regulations to Kalshi, adding a new development to a dispute over who has authority over prediction markets. TheLines reported on October 19 that Kalshi chief executive Tarek Mansour has warned the industry could leave the United States if states succeed in regulating the platforms. The conflict centres on whether sports event contracts belong under federal derivatives oversight or state gambling rules.
Source: CasinoBeats
