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Illinois Latest State to Take Aim at Sports Event Contract Markets For Illegal Betting

Summary by Sports Betting Dime

The Illinois Gaming Board has issued three cease-and-desist notices for sports event contract markets The regulatory board sent the orders to Crypto.com, Kalshi, and Robinhood Illinois joins New Jersey, Ohio, and Nevada as states taking action against the sports event contract markets Illinois is the latest state to level a haymaker at the sports event contract market companies. The Illinois Gaming Board has issued cease-and-desist notices to Ka…

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SIT calls Investigating Officers to evaluation on-line betting circumstances

Hyderabad: The Particular Investigation Group (SIT), constituted by the State authorities below the supervision of the Director-Common of Police and CID chief Shikha Goel determined to evaluation the web betting circumstances registered throughout the State In its first assembly chaired by Goel, it was determined to name all Investigating Officers (IOs) dealing with on-line betting circumstances throughout the State for a gathering on the State …

2 days ago

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Illinois regulator slams Kalshi for “illegal gambling” in cease-and-desist letter

The Illinois Gaming Board (IGB) has issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com as regulatory pressure ramps up on the sports event contracts space. The trio of prediction markets have been accused of offering unlicensed sports wagering and are therefore in violation of both the state Sports Wagering Act and Illinois Criminal Code. IGB’s letters are addressed to Kalshi CEO Tarek Mansour and chief regulatory officer (CRO…

2 days ago

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