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North Carolina Backs CFTC Oversight of Prediction Markets
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
North Carolina has passed a law recognizing the Commodity Futures Trading Commission (CFTC) as the primary regulator of prediction market platforms such as Kalshi and Polymarket, making it one of the few states to support federal oversight instead of treating them as gambling operators. Signed on July 7, the law imposes a 6% tax on in-state trading fee revenue starting in 2027 without requiring state licensing. The move comes as legal disputes over prediction markets continue across the U.S., with conflicting court rulings increasing the likelihood of a Supreme Court review.
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