Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets

Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.

Decrypt

Contributor

Jun 24, 2026

1 min read

Photo illustration / STKR News

Illinois is set to institute a new tax on prediction markets next week that would take 15% of gross receipts from sports-related wagers.

The Brief

A six-minute morning dispatch on the markets and the technology shaping them.

Free. No spam. Unsubscribe anytime.

Write for STKR

Earn $STKR for published stories on markets, protocols, and culture.

Comments

24 reader responses