The Gambling Wire: Illinois Federal Judge Sides With Prediction Markets
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A federal judge gave prediction markets a rare recent legal victory, while Ohio regulators moved in the opposite direction with a sweeping new enforcement push. Prediction markets picked up a rare recent court victory late last week after a federal judge in Illinois concluded that sports event contracts offered by Kalshi are likely swaps and that parts of the state’s gambling laws are therefore likely preempted by federal law. The ruling came the same day Ohio issued or reasserted cease-and-desist notices against 10 companies following the Sixth Circuit’s recent decision siding with the state.
Source: Gambling Insider
