North Carolina imposes 6% tax on prediction markets, raises sports betting tax to 23%

North Carolina Backs CFTC Oversight of Prediction Markets

The post North Carolina Backs CFTC Oversight of Prediction Markets appeared first on Coinpedia Fintech News North Carolina has passed a law recognizing the Commodity Futures Trading Commission (CFTC) as the primary regulator of prediction market platforms such as Kalshi and Polymarket, making it one of the few states to support federal oversight instead of treating them as gambling operators. Signed on July 7, the law imposes a 6% tax on …

North Carolina imposes 6% tax on CFTC-regulated prediction markets

North Carolina was the first state to codify the federal jurisdiction over prediction markets into its statutes, allowing Kalshi and Polymarket to operate legally as long as the two prediction market firms are registered with the Commodity Futures Trading Commission (CFTC). This is very important as it provides a model for all the trading platforms that are facing lawsuits from states over such issues since it presents a trade-off between the re…

North Carolina imposes 6% tax on prediction markets, raises sports betting tax to 23%

North Carolina's tax changes may boost prediction markets' growth while potentially stifling sports betting, influencing national trends. The post North Carolina imposes 6% tax on prediction markets, raises sports betting tax to 23% appeared first on Crypto Briefing.