PANews, June 25 - According to Cryptopolitan, prediction market platform Kalshi has filed a lawsuit in the United States District Court for the Northern District of Illinois, challenging the state's newly signed SB3019 bill. The bill requires prediction market platforms to obtain a state license and imposes a 0.2% tax on digital asset transactions involving Illinois customers, effective July 1.

Kalshi argues that federal law grants the CFTC exclusive jurisdiction over exchange-traded derivatives, and additional state regulatory requirements conflict with the Commodity Exchange Act. If Kalshi withdraws sports event contracts from Illinois to comply with state law, it would directly violate the CFTC’s uniformity requirement; continuing operations without a license would violate state law, and implementing geo-blocking technology would be costly. The lawsuit is the latest case in the jurisdictional dispute over prediction markets between the CFTC and the states, with the CFTC having sued nine states to assert federal authority.