Illinois Governor J.B. Pritzker signed two new crypto bills on August 18, 2025. He slammed the Trump administration’s lax oversight in the process. Meanwhile, Illinois has become the first Midwest state with such consumer protections.
First, the Digital Assets and Consumer Protection Act (SB 1797) gives the state’s Department of Financial and Professional Regulation (IDFPR) new supervisory powers.
It mandates that crypto businesses keep sufficient financial reserves. SB 1797 also compels cybersecurity standards, anti-fraud controls, and clearer investment disclosures.
Second, the Digital Asset Kiosk Act (SB 2319) targets virtual crypto kiosks. Operators must now register with IDFPR. The bill caps transaction fees at 18%. It also limits daily transactions to $2,500 for first-time customers, and requires full refunds for scam victims.
These measures take effect immediately, although crypto businesses have until July 1, 2027 to register.
Illinois ranked fifth among U.S. states in crypto-scam losses last year. Residents lost around $272 million in 2024, says the FBI.
Moreover, Governor Pritzker harshly criticized federal deregulation. He said that while “crypto bros” guide Washington, Illinois implements common-sense protections.
Impact on Crypto Casinos and Online Casinos
These new laws may reshape the crypto casinos space in Illinois. First, the Kiosk Act could deter abuses within virtual crypto kiosks.
For example, operators offering services via kiosks must now cap fees at 18%. That may reduce exploitative charges. Meanwhile, the Consumer Protection Act demands transparency.
Crypto casinos must clearly disclose risks, fees, and asset insurance status. That may build user trust.
Furthermore, the oversight and cybersecurity rules will affect operators offering crypto and online casinos. These platforms must now meet stringent anti-fraud and security standards.
That requirement may raise compliance costs. But in return, it could legitimize well-run operators. Responsible crypto casino and online casino businesses may benefit from increased consumer confidence.
How the U.S. Crypto Casino Industry is Shaping Up
While some states embrace crypto gambling, Illinois emphasizes protections over rapid expansion. Thus, the environment may remain cautious. However, these regulations could set a baseline for future licensing of crypto casinos and online casinos in the state.
Overall, Illinois enacted these laws to protect consumers from growing digital asset fraud. The two bills give regulators authority. They ensure stronger safeguards for investors statewide.
As the state limits misuse and regulates operations, crypto casinos and online casinos face a new, more transparent legal landscape.