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Illinois federal court bars state gambling rules from applying to Kalshi, SCCG reports
- Illinois federal court bars state gambling rules from applying to Kalshi, SCCG reports — SCCG reported a federal district court in Illinois ruled the Commodity Futures Trading Commission holds authority over Kalshi under the Commodity Exchange Act, barring the state from applying its gambling regulations to the platform. Kalshi chief executive Tarek Mansour warned operators could move offshore if states prevail, and the jurisdictional dispute may reach the U.S. Supreme Court. (SCCG)
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