North Carolina Bill Recognizes CFTC’s ‘Federal Regulatory Authority’ Over Prediction Markets
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