North Carolina Bill Recognizes CFTC's ‘Federal Regulatory Authority’ Over Prediction Markets
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. The provision, signed by Governor...
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Here is the latest from the digital-asset markets: 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. The provision, signed by Governor Josh Stein on July 7, taxes the platforms at 6% of their North Carolina-attributable net trading fees, versus a 23% rate on sports betting operators.
It lands days after a New York judge dealt Kalshi a major courtroom setback, deepening a national split headed for the higher courts.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
