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Illinois Gaming Board grants Accel Chicago terminal-placement licences
The Illinois Gaming Board has granted Accel Entertainment licences to place gaming terminals at locations in Chicago, the company’s chief executive said. Accel expects 700 to 1,400 locations to become operational from a pool of 2,500 available city licences, with its first sites anticipated to open in the coming weeks.
Illinois appeals injunction blocking enforcement of prediction markets law
Illinois officials appealed to the Seventh Circuit after a federal judge barred the state from enforcing its event-contract licensing and tax law. Judge Martha Pacold’s 30 October order covers licensing, fees, taxes and enforcement measures concerning swaps, including sports event contracts offered by CFTC-registered companies.
Illinois officials took the matter to the Seventh Circuit after a federal judge stopped the state from applying its event-contract licensing and tax law, the report said. The ruling came from Judge Martha Pacold in an order dated Friday, Oct. 30, according to the report. Pacold's order blocks enforcement of licensing requirements, associated fees, taxes and related criminal provisions, the report said.
Coinbase says prediction markets exceed $200m annualised revenue in Q3
Coinbase said its prediction-market business generated more than $200 million in annualised revenue in the September quarter, with daily traders up more than 60% quarter on quarter. The company reported Q3 net revenue of $1.16 billion, down 34% from a year earlier, and said its event contracts are offered through a partnership with Kalshi.
Polymarket US agrees to end Michigan sports contracts by 25 November
Polymarket US has agreed to stop offering new sports-related event contracts to Michigan customers and close residents’ remaining open positions by 25 November 2026, according to the report. A federal court approved the agreement, which the report says follows similar deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.
Polymarket US will stop selling new event contracts related to sports to Michigan customers, and open positions held by residents of that state will be closed by November 25 2026. A federal court approved the agreement, which came after comparable deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.
Bernstein forecasts prediction-market revenue growth for Robinhood and Coinbase
Bernstein analyst Gautam Chhugani forecast Robinhood prediction-market revenue of $1.7 billion in 2028 and Coinbase revenue of $2 billion from event contracts and derivatives products that year. He also estimated Robinhood’s event-contract revenue at $650 million for 2026 and Coinbase’s at $600 million for the current year; the latter estimate includes products that may extend beyond event contracts.