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North Carolina Sets 6% Tax on Prediction Markets

2026-07-11 17:45:55

Abstract generation in progress

North Carolina will impose a 6% tax on prediction market platforms such as Kalshi and Polymarket. Governor Josh Stein signed a $34 billion fiscal year budget on July 7. The budget immediately raises the online sports betting tax rate from 18% to 23%. The prediction market tax will take effect on Jan. 1, 2027, without separate state gambling regulations.

POLYMARKET-2.91%

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