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Illinois appeals the Pacold injunction blocking its prediction market licensing and tax regime
- Illinois appeals the Pacold injunction blocking its prediction market licensing and tax regime — Illinois has appealed Judge Martha Pacold's injunction barring the state from licensing, taxing or prosecuting sports event contracts listed on CFTC-regulated exchanges such as Kalshi and Coinbase. The appeal sends the case to the Seventh Circuit, which already holds the Wisconsin prediction market dispute, and Illinois has asked the court to reverse and vacate the order. (ReadWrite)
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