North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
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.
DeFi Intel is an entity-graph aggregator: we curate, tag and link crypto news to a typed knowledge graph of protocols, tokens, people and incidents. We do not republish the full article body. Use the link above to read the original report at Decrypt.
The 6% levy on prediction-market fee revenue sits beside a simultaneous 18%-to-23% sports-betting tax hike; Illinois, by contrast, folded such platforms into licensing rules Kalshi is challenging in court.
Entities in this story
Want the full article?
Continue reading on Decrypt →