JB Pritzker
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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.
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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.
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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.
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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.
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cryptoStratton Wins Illinois Senate Primary Over Crypto-Backed Krishnamoorthi
Illinois Lt. Gov. Juliana Stratton defeated Rep. Raja Krishnamoorthi in the Democratic primary, overcoming nearly $10 million in crypto PAC funding. The seat is solidly Democratic.