Kalshi sues Illinois officials over prediction markets restrictions
CoinTelegraph·
60-second summary
Kalshi is suing Illinois officials over prediction markets restrictions, claiming it would be "irreparably harmed" when a new law goes into effect on July 1. The law, signed as part of a budget package, aims to curb online gambling and betting, potentially disrupting Kalshi's operations and impacting its user base, affecting the broader prediction markets industry.
The prediction markets company claimed that it would be “irreparably harmed” when an Illinois law signed as part of a budget package goes in effect on July 1.