Coinbase Bans Michigan Sports Markets
Coinbase will halt sports contracts in Michigan by Oct. 10, joining Kalshi and Robinhood amid regulatory pressure. Kalshi faces $500K daily fines for violations. #Update #Legal
Illinois IL
Illinois Delays 0.2% Crypto Tax Rollout
Illinois delays 0.2% crypto tax to July 1, 2027, for legal challenges. Critics claim it violates state and federal laws; state officials disagree. #Update #Legal
Bitcoin Tax Challenge Hits Illinois Courts
Crypto groups seek to block Illinois’ 0.2% tax on digital asset exchanges, transfers, and storage before it starts in 2027, citing high compliance costs. #Update #Legal
Illinois Approves 0.2% Crypto Transfer Tax
Illinois imposes a 0.2% tax on crypto transfers starting Jan. 1, 2027, affecting brokers earning over $100K from Illinois users, raising $60M annually. #Update #Legal