North Carolina passes bill recognizing CFTC preemption over prediction markets
Covered by 2 sources · 2 articles
2 outlets - including Decrypt and Theblock - are covering this story. The state's budget law leaves oversight of Kalshi and Polymarket to the CFTC and taxes them at 6%, far below what other states are pursuing.
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North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
The state's budget law leaves oversight of Kalshi and Polymarket to the CFTC and taxes them at 6%, far below what other states are pursuing.
North Carolina passes bill recognizing CFTC preemption over prediction markets
North Carolina's new law taxes prediction market platforms at 6% of their net trading fee revenue that is attributable to North Carolina residents.