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Illinois 2027 Budget Includes New Prediction Market Tax
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Illinois 2027 Budget Includes New Prediction Market Tax
Illinois’ 2027 state budget includes a tax on prediction markets, which would make it the first state to impose such a tax. Kentucky passed similar legislation to tax prediction markets but has already been met with a lawsuit from operators. Illinois is already battling the US Commodity Futures Trading Commission in court because of previous cease-and-desist notices sent to prediction market operators. SPRINGFIELD, Ill. – The 2027 state budget f…
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