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Crypto

Illinois delays 0.2 percent digital asset tax by six months

Illinois will delay implementation of its 0.2 percent digital asset tax by six months. The start date moves from Jan. 1, 2027 to July 1, 2027, Cointelegraph reported. The change comes amid industry opposition and litigation. The Digital Chamber said state officials agreed to the delay in a court filing. The tax was enacted after Governor JB Pritzker signed a budget measure in June.

Crypto

U.S. CFTC sues Illinois, Arizona and Connecticut over prediction market jurisdiction

The U.S. Commodity Futures Trading Commission has filed lawsuits against Illinois, Arizona and Connecticut in a dispute over jurisdiction for prediction markets. The agency said Illinois infringed the federal government’s exclusive authority by cracking down on platforms including Kalshi, Crypto.com and Polymarket, including sending orders to halt operations. The CFTC asked a federal court to determine whether the Illinois actions violated the U.S. Constitution’s Supremacy Clause.