North Carolina law clears path for CFTC regulated prediction markets
Covered by 5 sources · 5 articles
5 outlets - including Crypto-economy, Coinpedia and Cryptonomist and 2 more - are covering this story. North Carolina’s ratified Senate Bill 257 establishes a new prediction-market trading-fees tax and recognizes CFTC-registered prediction markets as lawful in the state when they comply with the Commodity Exchange Act. The bill says the fede…
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North Carolina Recognizes CFTC Prediction Markets
North Carolina’s ratified Senate Bill 257 establishes a new prediction-market trading-fees tax and recognizes CFTC-registered prediction markets as lawful in the state when they comply with the Commodity Exchange Act. The bill says the fede…
North Carolina Backs CFTC Oversight of Prediction Markets
6% vs 23%: North Carolina’s Bet on CFTC Regulation Prediction Markets
North Carolina has quietly done something most states have refused to do: formally take the federal government’s side in the escalating battle over CFTC regulation of prediction markets. Governor Josh Stein signed Senate Bill 257 on July 7,…
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…
North Carolina law clears path for CFTC regulated prediction markets
North Carolina has become the first U.S. state to explicitly recognize the CFTC’s authority over prediction markets while setting a 6% state tax on their trading fee revenue. Under Senate Bill 257, signed by Governor Josh Stein on July 7…