Illinois federal judge limits state gambling enforcement against Kalshi
By The Weekly Edge desk ·
Summary
A federal judge in Illinois partially maintained preliminary injunctions protecting Kalshi from state gambling enforcement on 2 October, Online Poker Report reported. The court found that federal law likely preempts state licensing requirements because Kalshi’s contracts likely qualify as swaps. The ruling remains preliminary, and the judge allowed further briefing on wager-related fees.
Why it matters
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.