The ruling creates an intra-circuit split with a previous judicial decision in Wisconsin. That separate matter is currently on appeal to the 7th Circuit.
Tuesday, October 20, 2026
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Illinois Federal Court Blocks State Action Against Coinbase and Kalshi
Crypto18 days ago
A preliminary injunction has been granted to the Commodity Futures Trading Commission, Coinbase and Kalshi to halt legal actions initiated by Illinois state officials. A federal district court in Illinois granted the motions, which prevents the state from proceeding with its current efforts to challenge the three entities.
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