Illinois
-
financeKalshi Sues Illinois Over New State Tax on Sports Prediction Markets
Kalshi sued Illinois in federal court, claiming the state's new 15% tax on sports prediction wagers wrongly treats them as gambling, not CFTC-regulated swaps. The case escalates a multi-state battle likely headed to the Supreme Court.
-
cryptoKalshi Sues Illinois Over Prediction Market Ban, Setting Stage for Supreme Court Showdown
Prediction markets firm Kalshi has filed a federal lawsuit against Illinois officials, challenging a new state law that bans sports event contracts on its platform and asserting exclusive federal jurisdiction.
-
cryptoIllinois Enacts First-Ever State Digital Asset Privilege Tax, Sparking Industry Backlash
Illinois Governor JB Pritzker signs the Digital Asset Tax Act, imposing a 0.2% levy on crypto brokers. The unprecedented move faces legal challenges and criticism for targeting innovation.
-
cryptoIllinois Crypto Tax Nears Final Approval Amid Industry Backlash
Illinois is one step away from imposing a 0.2% tax on digital asset transactions as part of its FY2027 budget, drawing sharp criticism from crypto advocates.
-
sportsChicago Bears Advance Plans to Move to Indiana After Illinois Stalemate
The Bears board votes to advance a stadium project in Hammond, Indiana, signaling a potential end to over a century in Chicago.
-
financeJPMorgan Chase Customer Loses $35,000 in Sophisticated Bank Impersonation Scam
An Illinois woman lost over $35,000 after scammers posing as JPMorgan Chase's fraud department and the FBI convinced her to transfer funds. The bank warns consumers to ignore requests to move money.
-
financeCFTC, DOJ Sue Illinois Over Prediction Markets, Citing Exclusive Federal Jurisdiction
Federal regulators clash with Illinois, asserting exclusive federal authority over prediction markets in a lawsuit challenging state cease-and-desist orders.
-
cryptoFairshake's $10M Illinois Misfire Signals Crypto PAC's First Major Setback
Crypto PAC Fairshake fails to defeat Illinois Senate hopeful Juliana Stratton, marking a significant loss in its political influence.