Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • Best AirPods for 2026: Expert Tested and Reviewed
    • AI chess robot offers physical game play and coaching
    • GAMING: Are you getting crushed in Pokemon Champions too?
    • Female Looksmaxxer Alorah Ziva Is Suing Clavicular for Alleged Battery
    • US soldier pleads not guilty in first prediction market insider trading case tied to Polymarket bets
    • Today’s NYT Mini Crossword Answers for April 30
    • Roam Rider twin-slide pop-up pickup camper
    • Airwallex founder Jack Zhang is offering $100,000 to AI startup founders under 25
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, April 30
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Sports Betting Alliance withdraws temporary restraining order request, continuing legal challenge against Chicago tax
    News

    Sports Betting Alliance withdraws temporary restraining order request, continuing legal challenge against Chicago tax

    Editor Times FeaturedBy Editor Times FeaturedJanuary 3, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    The Sports activities Betting Alliance (SBA) has issued an replace after asserting it could be suing the City of Chicago over a new sports betting tax and licensing plan.

    The lawsuit was filed in Prepare dinner County Circuit Courtroom and aimed to cease the town from imposing an ordinance that will herald a ten.25% tax on on-line sports activities betting and require operators to get metropolis licenses beginning in 2026.

    Now, nevertheless, the SBA has shared it has filed a discover to withdraw its movement for TRO (short-term restraining order) however says its criticism associated to the constitutionality of Chicago’s proposed tax will proceed to proceed on the deserves in court docket.

    In the present day, we filed a discover to withdraw our movement for TRO in our case towards the Metropolis of Chicago. That stated, our criticism associated to the constitutionality of Chicago's proposed tax will proceed to proceed on the deserves in court docket.

    Assertion beneath: pic.twitter.com/NNShk5YcHe

    — Sports activities Betting Alliance (@SBAllianceUS) December 31, 2025

    The total assertion reads as: “We’re happy to see the Metropolis of Chicago moved rapidly yesterday to take care of the operations of authorized platforms that present buyer protections not out there within the unlawful market. Given these developments, there was now not any want for an expedited TRO.

    “The SBA will however proceed to pursue in court docket decision of the invalidity and unconstitutionality of the Metropolis’s not too long ago handed license and tax ordinances. Chicago sports activities followers will proceed to have the advantages of authorized, regulated sports activities wagering with out interruption heading into the brand new yr.”

    Chicago proposed a significant sports activities betting tax hike in current price range

    The bulletins from the SBA got here after the city introduced its new budget, with the sports activities betting tax hike making use of to on-line and cell which might be verified as being positioned inside Chicago.

    It’s thought that this tax may herald no less than $26 million a yr which might assist to help the town’s total $16.6 billion spending plan.

    As soon as the information was out, the SBA additionally made it clear they have been pushing again on the town’s plan to require operators to get municipal licenses, arguing that Chicago hasn’t put a workable licensing system in place. The criticism said that the town “has been incapable of well timed implementing the licensing scheme it now claims the Ordinance requires.”

    Featured Picture: Credit score to Chris Rycroft, CC 2.0 license

    The put up Sports Betting Alliance withdraws temporary restraining order request, continuing legal challenge against Chicago tax appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    US soldier pleads not guilty in first prediction market insider trading case tied to Polymarket bets

    April 30, 2026

    Resorts World NYC opens first full casino in New York City with live table games in Queens

    April 30, 2026

    Why a recent supply-chain attack singled out security firms Checkmarx and Bitwarden

    April 29, 2026

    The European Commission issues preliminary DSA findings against Meta, saying Instagram and Facebook fail to prevent under-13 users from accessing the services (Gian Volpicelli/Bloomberg)

    April 29, 2026

    Alberta online gambling expansion sparks concern among First Nations casino operators

    April 29, 2026

    Better Markets urges courts to let states regulate prediction markets, not CFTC

    April 29, 2026

    Comments are closed.

    Editors Picks

    Best AirPods for 2026: Expert Tested and Reviewed

    April 30, 2026

    AI chess robot offers physical game play and coaching

    April 30, 2026

    GAMING: Are you getting crushed in Pokemon Champions too?

    April 30, 2026

    Female Looksmaxxer Alorah Ziva Is Suing Clavicular for Alleged Battery

    April 30, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    Inspired Entertainment extends bet365 virtual sports partnership ahead of World Cup

    March 10, 2026

    From arcade to iGaming: Inside Europe’s evolving gaming ecosystem (Sponsored)

    October 8, 2025

    175 Park Avenue skyscraper in New York will rank among the tallest in the US

    April 22, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.