gambling regulation

Illinois classifies Kalshi and other prediction markets as unlicensed sports wagering operators offering the same bets as sportsbooks like DraftKings and FanDuel, but without paying taxes or adhering to reporting standards. #capitolnewsillinois #kalshi #sportsbet

The Sports Betting Alliance (SBA), a national trade group representing major online operators, attributed the decline to rising tax burdens and increased competition from neighboring states. #betting #sports

Industry groups and some lawmakers have warned that local taxes layered on top of state levies could drive bettors to illegal markets. #betting #illinoishousegaming #regulation