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Story summary
- The U.S. government filed a lawsuit against Illinois on April 2, 2026, in Chicago federal court.
- The government argues Illinois' efforts to regulate prediction markets intrude on the CFTC's exclusive jurisdiction over national swaps markets.
- The complaint states this is the first challenge to state gaming regulators over prediction-market operators Kalshi, Polymarket, and Crypto.com, and it seeks to block Illinois from enforcing sports wagering laws against CFTC-regulated entities.
