North Carolina has signed a budget that adopts a distinct regulatory approach for prediction market platforms.
According to Odaily, starting January 1, 2027, the state will impose a 6% tax on net transaction fee revenue from prediction market platforms such as Kalshi and Polymarket, while not requiring them to obtain a state license, effectively recognizing the U.S. Commodity Futures Trading Commission’s federal regulatory authority.
Odaily reported that North Carolina is the first state to acknowledge the legality of CFTC-registered prediction markets while declining to impose state-level licensing requirements.
In contrast, Kentucky has chosen to levy a 14.25% excise tax and is facing litigation.
North Carolina Budget Sets 6% Tax on Prediction Markets Starting January 1, 2027
2026-07-10 01:54:49
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