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Sports Decrypt 1 min read

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

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

News Description

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.

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. <… [+3020 chars]

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