North Carolina recognises CFTC authority over prediction markets, sets 6% tax

North Carolina's new budget law formally recognises the CFTC's federal regulatory authority over prediction market platforms such as Kalshi and Polymarket. The state will tax these platforms at 6%, well below rates being pursued in other US states. The law effectively separates prediction markets from traditional sports betting under state law.

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💻 Technology US judge blocks Minnesota prediction market ban — Kalshi and Polymarket can keep operating Cointelegraph · 2h ago 🎬 Entertainment Prediction markets are spoiling reality TV by leaking results before broadcast Vox · 10d ago 📈 Business How sharp traders dominate prediction markets — inside the MAGA Kiwi Club Discord Bloomberg · 21d ago

More on this topic

💻 Technology US judge blocks Minnesota prediction market ban — Kalshi and Polymarket can keep operating Cointelegraph · 2h ago 🎬 Entertainment Prediction markets are spoiling reality TV by leaking results before broadcast Vox · 10d ago 📈 Business How sharp traders dominate prediction markets — inside the MAGA Kiwi Club Discord Bloomberg · 21d ago