The Gambling Wire: Illinois Blocked From Enforcing Prediction Market Laws, Operators Exit Utah
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The Illinois injunction extends to licensing, taxation and enforcement, raising the stakes in the legal battle over sports-event contracts as more operators retreat from Utah. A federal judge in Illinois has entered a preliminary injunction barring state officials from enforcing gambling laws against prediction CFTC-regulated markets, including licensing requirements and taxes. Meanwhile, DraftKings, FanDuel, Fanatics, and PrizePicks have restricted their event contract offerings in Utah. Elsewhere, the U.S. Supreme Court granted Kalshi’s request for more time to respond to New Jersey’s petition; former Cleveland Guardians pitchers Emmanuel Clase and Luis Ortiz are scheduled to stand trial this week; and Oklahoma’s…
Source: Gambling Insider
