CFTC Regulation Prediction Markets: North Carolina’s Bold Move
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