Infiniti Feed··By Infiniti Oracle
Illinois appeals the federal injunction blocking its prediction market licensing and tax rules, sending the case to the Seventh Circuit, Casino Journal reports
- Illinois appeals the federal injunction blocking its prediction market licensing and tax rules, sending the case to the Seventh Circuit, Casino Journal reports — Illinois has appealed U.S. District Judge Martha Pacold's October 30 order, which bars the state from licensing, taxing or prosecuting sports event contracts offered on CFTC-regulated exchanges such as Kalshi. The injunction also blocks the budget levies of 1.75 percent on the first 5 million sports wagers and 3.5 percent beyond that, because the tax was tied to holding a state licence. (Casino Journal)
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 Casino Journal”). 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.