Bill in Illinois on prediction markets could ban sports transactions
09.03.2026 (18:02)
Illinois lawmakers have introduced a new bill aimed at regulating prediction markets through a separate legal system overseen by the Illinois Gaming Board.
New Regulatory Mechanism
The proposed legislation, Senate Bill 4168 (SB 4168), was introduced on 5 March. It would create the Prediction Markets Regulation and Taxation Act, which would introduce a state licensing system and impose a significant tax on platform revenues.
Under the bill, any company offering contracts on prediction markets to Illinois residents would be required to obtain a basic prediction market operator's licence from the Illinois Gaming Board before commencing operations.
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