North Carolina has broken with the wave of states fighting prediction markets in court, using its new budget to tax platforms like Kalshi and Polymarket at 6% while explicitly declining to regulate them – a posture that effectively recognizes federal authority over the sector even as other states sue to assert their own. Sportsbooks in […]North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23%
North Carolina has broken with the wave of states fighting prediction markets in court, using its new budget to tax platforms like Kalshi and Polymarket at 6% while explicitly declining to regulate them – a posture that effectively recognizes federal authority over the sector even as other states sue to assert their own. Sportsbooks in […]