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Kalshi challenges Illinois rules limiting prediction markets, BitRss reports
- Kalshi challenges Illinois rules limiting prediction markets, BitRss reports — BitRss reports Kalshi filed a lawsuit in the U.S. District Court for the Northern District of Illinois against Governor JB Pritzker, Attorney General Kwame Raoul and other officials, arguing Senate Bill 3019 expressly bans sports event contracts unless Kalshi complies with a state licensing regime. Kalshi says the law conflicts with federal CFTC oversight and seeks to block it from taking effect on July 1. (BitRss)
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