North Carolina passes bill recognizing CFTC preemption over prediction markets
The Block·
60-second summary
North Carolina passes a bill recognizing CFTC preemption over prediction markets, effectively exempting them from state regulations. The law taxes platforms at 6% of net trading fee revenue attributed to North Carolina residents.
North Carolina's new law taxes prediction market platforms at 6% of their net trading fee revenue that is attributable to North Carolina residents.