CFTC Denied Preliminary Injunction in Wisconsin, Judge Says Case Makes
The Commodity Futures Trading Commission (CFTC) failed in its initial attempt to block Wisconsin’s efforts to shut down prediction market platforms in the state.
Prediction Market Platforms
North Carolina Gov. Signs Budget to Increase Betting Tax
Gov. Josh Stein signed the North Carolina budget on Tuesday, officially raising the state’s online sports betting tax rate and confirming that the state intends to tax prediction market platforms, even though it will not regulate them.
North Carolina raises sports betting tax to 23%
North Carolina Gov. Josh Stein signed the state’s $34 billion fiscal 2025-26 budget on Tuesday, raising the online sports betting tax rate and setting a separate tax for prediction market platforms.
Polymarket Sues New Mexico Over Kalshi Lawsuit
New Mexico is one of more than a dozen states which continue to lock horns with prediction market platforms in court battles, and Polymarket struck the latest blow this week.