North Carolina Budget Puts Prediction Markets to the Test
The post North Carolina Budget Puts Prediction Markets to the Test appeared on BitcoinEthereumNews.com. North Carolina just turned the prediction market debate from internet chatter into line items. The new state budget package would authorize prediction markets and tax operators at 6% of net trading-fee revenue, with revenue kicking in Jan. 1 if the bill becomes law. That is a real policy lever, not a think piece. For Kalshi, a federally regulated event-contract exchange, this is a state-level legitimacy test. Can a budget that recognizes and taxes the business finally give onshore prediction markets a clean foothold in a Southern state? Or do unresolved questions around election markets and product scope keep the brakes on? If you are a trader, founder, or compliance lead trying to map next steps, here is the practical read on what this budget likely means, where the risk lines still sit, and how to prepare without stepping on rakes. Aspect What to Know Status Budget se