Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.
joined Kalshi as a strategic adviser in January 2025, helping the prediction market expand its customer base and strengthen its market presence. The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations. Kalshi ends Donald Trump Jr. advisory role over Polymarket investment: Reuters
Strategy shares declined Thursday following MSCI’s decision to remove the company from its indexes, as Bitcoin also fell amid a broader crypto market decline.
