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Illinois federal court sides with CFTC and Kalshi in sports contracts case for now
- Illinois federal court sides with CFTC and Kalshi in sports contracts case for now — A U.S. district judge in Illinois granted preliminary injunctions to the CFTC, Kalshi and Coinbase on October 2, finding state laws are likely preempted because the sports event contracts qualify as swaps under federal law. The parties were ordered to confer and file a proposed injunction by October 29. (SBC Americas)
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