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North Carolina Passes Bill Recognizing CFTC Authority Over Prediction Markets, Imposes 6% Tax on July 7

Regulation & Policy Prediction Market

2026-07-10 10:07:06

POLYMARKET4.00%

North Carolina Governor Josh Stein signed legislation on July 7 recognizing the CFTC's exclusive federal regulatory authority over prediction markets such as Kalshi and Polymarket. Senate Bill 257, enacted as part of the state's 2026 budget, imposes a 6% tax on operators' net trading fee revenue attributable to North Carolina residents effective January 1, 2027, with no additional licensing or registration requirements. The tax rate is substantially lower than the 23% rate applied to sports betting operators in the state.

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Polymarket Files for U.S. Futures License on July 3, Seeks Margin Trading Approval

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In-Depth Analysis

North Carolina Recognizes CFTC Authority Over Prediction Markets, Imposes 6% Tax

Ethan Brooks5h ago

North Carolina will impose a 6% tax on prediction markets starting in 2027, with CFTC jurisdiction recognized.

Market Whisper7h ago

Goldman Sachs issues an employee “prediction market ban” to prevent a repeat of the Google insider trading incident

Market Whisper9h ago

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