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North Carolina taxes prediction market platforms at 6% of net trading fee revenue
๐Ÿ›๏ธ Politics

North Carolina taxes prediction market platforms at 6% of net trading fee revenue

North Carolina has passed a law recognising CFTC preemption over prediction market platforms, while taxing them at 6% of net trading fee revenue attributable to state residents. It is one of the first US states to enact specific legislation governing prediction market platforms.

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