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

The post North Carolina Backs CFTC Oversight of Prediction Markets appeared on BitcoinEthereumNews.com. 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 … Source: https://coinpedia.org/crypto-live-news/north-carolina-backs-cftc-oversight-of-prediction-markets/

The post CFTC Regulation Prediction Markets: North Carolina’s Bold Move appeared on BitcoinEthereumNews.com. 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, 2026, as part of the state’s annual budget — a move that positions North Carolina as one of the few states to recognize Washington’s authority over platforms like Kalshi and Polymarket rather than treating them as unlicensed gambling operations. Key takeaways North Carolina’s Senate Bill 257, signed July 7, 2026, formally recognizes the CFTC’s exclusive federal regulatory authority over prediction markets. The law imposes a 6% tax on prediction market operators’ net trading fees attributable to North Carolina residents, effective January 1, 2027 — with no licensing or registration requirements attached. That 6% rate is far below the 23% tax N

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The post North Carolina Bill Recognizes CFTC’s ‘Federal Regulatory Authority’ Over Prediction Markets appeared on BitcoinEthereumNews.com. In brief North Carolina has passed a law recognizing the CFTC’s authority over prediction markets such as Kalshi and Polymarket, breaking with states trying to police them as gambling. The provision, signed by Governor Josh Stein on July 7, taxes the platforms at 6% of their North Carolina-attributable net trading fees, versus a 23% rate on sports betting operators. It lands days after a New York judge dealt Kalshi a major courtroom setback, deepening a national split headed for the higher courts. North Carolina has become one of the few states to formally side with federal regulators in the escalating fight over prediction markets, enacting a law that recognizes the CFTC’s authority over platforms like Kalshi and Polymarket. Governor Josh Stein signed the measure on July 7 as part of the state’s 2026 budget, Senate Bill 257. A prediction market reg

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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.

The post North Carolina imposes 6% tax on CFTC-regulated prediction markets appeared on BitcoinEthereumNews.com. 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 revenue-sharing arrangements and the hands-off approach in regulation. The provision is part of Senate Bill 257, formally known as Session Law 2026-41, and is part of the roughly 34 billion budget passed. The provision is based on the Commodity Exchange Act, whereby the CFTC has been given “exclusive federal regulatory authority” of prediction markets by this law. If a prediction market is registered with the CFTC, it has fulfilled all

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