The idea of taxing prediction markets is gaining traction in New Jersey as Democratic lawmakers in both chambers of the Garden State legislature advanced bills on Sunday.
The idea of taxing prediction markets is gaining traction in New Jersey as Democratic lawmakers in both chambers of the Garden State legislature advanced bills on Sunday.
Senate Bill 4447 and Assembly Bill 5336, both received approval with a committee substitute on June 28, propelling them to the second reading stage in their respective chambers. The bills aim to impose taxes on prediction markets, marking a significant development in the state's legislative landscape.
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