The Illinois Gaming Board has now joined the growing number of gaming regulatory agencies that have sent cease-and-desist letters to Kalshi, Robinhood, and Crypto.com, alleging the exchange trading platforms offering contracts on sporting events are in violation of the state’s sports betting laws.
The letters, all dated April 1, provide the definition of “sports wagering” as stated in Illinois law and point out “No person or entity may engage in a sports wagering operation or activity in Illinois unless licensed by the IGB.” The state agency further specifies, “It is unlawful to knowingly establish, maintain or operate an Internet site that permits a person to make a wager upon the result of any sport, game, contest, political nomination, appointment or election via the Internet without an IGB-issued license.”
