Illinois legislator seeks repeal of new prediction market tax
Regulation · SectorWire deskSource published
Summary
An Illinois legislator wants to repeal the state's new tax on sports prediction markets. The outlet said the tax is already the subject of court challenges.
Why it matters
Operators and investors in prediction markets face an uncertain tax burden while the levy is contested in court and targeted for repeal.
Cite as: SectorWire, “Illinois legislator seeks repeal of new prediction market tax”, 15 September 2026, https://sectorwire.news/item/illinois-legislator-seeks-repeal-of-new-prediction-market-tax/