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
As someone who has personally known Norbert A. Simmons, Lorenzo Creighton, and the late Don Barden, I’ve seen firsthand the challenges and triumphs Black pioneers have faced in this industry. #casinos