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North Carolina taxes prediction market platforms at 6% of net trading fees

The new law applies to platforms’ net trading fee revenue tied to North Carolina residents, and it recognizes CFTC preemption over prediction markets.

Reported · Written up by our desk · Regulation

North Carolina has passed a bill that creates a 6% tax on prediction market platforms, based on net trading fee revenue attributable to North Carolina residents, according to The Block.

The measure also recognizes CFTC preemption over prediction markets, a framework that can affect how such platforms are regulated under federal oversight.

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