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    Federal judge blocks Illinois prediction market rules, siding with Kalshi

    Federal judge blocks Illinois prediction market rules, siding with Kalshi

    A U.S. federal judge has blocked Illinois from enforcing new rules against prediction-market platforms, siding with Kalshi. The judge ruled that sports event contracts offered by platforms like Kalshi likely qualify as swaps under federal law, granting preliminary injunctions.

    Summary based on reporting by Yogonet, which retains all rights to its text and images.

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