Illinois Prediction Markets are under a new policy spotlight after a proposed repeal bill challenged the state’s exchange wager tax. For bettors and market watchers, the issue is not about certain outcomes or easy opportunities. It is about cost, access, liquidity, operator behavior, and whether sports-event contracts are treated more like regulated wagering or federally overseen event contracts.
The timing matters. Illinois passed Senate Bill 3019 on June 1, 2026, … Read the rest










