North Carolina has become the first state to formally recognize the federal government’s authority over prediction markets, carving out a new approach as states across the country grapple with the rapidly expanding industry. A provision tucked into the state’s budget, signed into law Tuesday, imposes a 6% tax on the net trading revenue of federally […]
North Carolina has become the first state to formally recognize the federal government’s authority over prediction markets, carving out a new approach as states across the country grapple with the rapidly expanding industry. A provision tucked into the state’s budget, signed into law Tuesday, imposes a 6% tax on the net trading revenue of federally […]
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