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Kalshi wins Illinois court ruling as judge finds prediction markets are likely swaps, The Lines reports
- Kalshi wins Illinois court ruling as judge finds prediction markets are likely swaps, The Lines reports — The Lines reports a federal district judge in Illinois ruled the state cannot impose its gambling legislation on Kalshi and Coinbase, finding the event contracts are likely swaps under federal law. The court withheld judgment on whether the state may still tax prediction market profits. (The Lines)
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