Kalshi is suing Illinois to block the state’s plan to require prediction markets operators to get licenses and pay taxes, set to start next week.
Kalshi has filed a lawsuit in the U.S. District Court for the Northern District of Illinois, seeking an injunction against the implementation of the new law. The company is challenging the requirement for operators to apply for licenses and pay taxes, which is scheduled to come into effect in the near future.
The lawsuit aims to halt the enforcement of the legislation that would impact prediction markets in Illinois, highlighting the company's opposition to the upcoming regulatory changes in the state.
