North Carolina’s Budget Squeezes Sportsbooks and Goes Easy on Prediction Markets

North Carolina Sports Betting Tax | Jumps to 23% in Budget

The state’s fresh budget makes operating a sportsbook pricier while giving a competing product a gentle landing, and a few legislators fear the imbalance could siphon off the very dollars the increase was supposed to bring in. In one budget, North Carolina made sportsbooks costlier to operate and, at the very same moment, gave a … Read more

Prediction Markets Now Out-Trade America’s Sportsbooks, and States Are Racing to Tax Them

Prediction Market Volume | Now Bigger Than Sports Betting

Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more