Illinois federal judge limits state gambling enforcement against Kalshi
By SectorWire desk ·
Summary
A federal judge in Illinois partially maintained preliminary injunctions protecting Kalshi from state gambling enforcement on 2 October. 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.