Prediction Markets Heatmap

Illinois has two active prediction-market bills in the 104th General Assembly — SB4168 and HB5059 — neither enacted as of May 2026, but both signal the legislature is moving toward a formal regulatory posture for these platforms.

• As of May 2026, Illinois has no enacted rule specifically covering prediction markets — the two bills working through the 104th General Assembly are proposals, not law. SB4168, if passed, would require any platform offering prediction-market contracts to Illinois residents to hold a $1,000,000 Illinois Gaming Board license, pay a 50% tax on Illinois-derived revenue, and follow Board rules that would include age restrictions for users under 21, responsible-gambling tools, and geofencing. Operating without that license would constitute unlicensed gambling under Illinois criminal law. HB5059 (the ORACLE Act) would also restrict participation to those 21 and older and add responsible-gaming requirements, though the full bill text could not be verified on this review cycle.

• Open SB4168 on the Illinois General Assembly site to check its current committee status and whether any amendments have been filed since March 2026. For HB5059, open the PDF directly at the ILGA link — it loads in a normal browser — and confirm the age-restriction and responsible-gaming provisions. Neither bill has an effective date yet; watch the Governor's signing list for any action that would move either proposal from bill to enforceable law.