The proposal would eliminate the state’s recently enacted 1.75%-to-3.5% tax on sports prediction market transactions. An Illinois lawmaker is seeking to repeal the state’s newly enacted tax on sports prediction markets, less than three months after the measure became law and was challenged by Kalshi and the Commodity Futures Trading Commission (CFTC). Rep. Travis Weaver […] The post Illinois Bill Seeks to Repeal Prediction Market Tax Amid Legal Challenges appeared first on Gambling Insider.
Source: Gambling Insider →