By The Weekly Edge desk ·
An Illinois bill proposes removing the tax on prediction market operators, Focus Gaming News reported on 7 September. The state enacted the tax law less than three months earlier.
The bill would remove Illinois prediction market operators’ tax obligation less than three months after enactment.
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Same companies, regulators or market.
Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.