Kalshi and Coinbase Win Partial Illinois Ruling on Sports Contracts

A partial ruling in Illinois allows Kalshi and Coinbase to continue offering sports contracts, as a judge determined that state licensing rules may conflict with federal derivatives laws. However, transaction fees remain unresolved, and the parties are required to propose injunction terms.

Sources

• The Defiant — Kalshi and Coinbase Win Partial Illinois Ruling on Sports Contracts

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