Kalshi Ends Federal Court Losing Streak With Partial Win Over Illinois

Crypto Insight Summary: A federal judge in Chicago blocked Illinois from enforcing its sports wagering license rules and a related criminal provision against Kalshi and Coinbase, but held off on the state’s new prediction market fees. It’s Kalshi’s first win in federal court since July. Judge Says a Swap Is a Swap Kalshi has won a partial preliminary […] Crypto Insight Analysis: Direction: Bullish COIN Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Legal win reduces regulatory pressure on Coinbase, boosting market confidence.