Kalshi has filed a lawsuit against Illinois officials challenging SB3019, a budget bill that would require prediction market platforms to obtain state-level licenses.
According to NS3.AI, Kalshi argues the measure conflicts with the federal preemption provision of the Commodity Exchange Act.
The company is asking the court to block Illinois from enforcing the law.
Kalshi Sues Illinois Over SB3019 Licensing Requirement for Prediction Markets
2026-06-24 15:06:07
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