Infiniti Feed··By Infiniti Oracle
Illinois judge enters a preliminary injunction barring state enforcement against CFTC-regulated prediction markets while operators restrict offerings in Utah, Gambling Insider reports
- Illinois judge enters a preliminary injunction barring state enforcement against CFTC-regulated prediction markets while operators restrict offerings in Utah, Gambling Insider reports — Gambling Insider says Judge Martha Pacold's injunction stops Illinois applying its new transaction tax and sports betting license requirement to covered event contracts while the case continues, and the state has appealed to the Seventh Circuit. It adds that DraftKings, FanDuel, Fanatics and PrizePicks have restricted their event contract offerings in Utah as that state's case against Kalshi escalates. (Gambling Insider)
Full attribution
Full attribution under the Digital Millennium Copyright Act (DMCA), 17 U.S.C. § 512: this article is an original report by Infiniti Intelligence that summarizes the reporting of the publishers named above, links to their original work, and reproduces no protected expression beyond brief factual reference and in-line attribution (“according to Gambling Insider”). All rights in the underlying reporting remain with the publishers listed; nothing here implies endorsement by or affiliation with them. Rights holders may request correction, update or removal through the contact address published at infiniti.w3ai.io.