In one effort to rein in the platforms, State Sen. Michael Hastings introduced legislation last week that would require prediction market operators to pay a $1 million fee to the Illinois Gaming Board to obtain a “master prediction market license” and empower the state to collect a tax equal to half of a licensee’s adjusted gross receipts from bets made by in-state users.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
You got it We want it. Dem playbook chapter 1
Another market that will be lost to another state.