North Carolina’s ratified Senate Bill 257 establishes a new prediction-market trading-fees tax and recognizes CFTC-registered prediction markets as lawful in the state when they comply with the Commodity Exchange Act. The bill says the federal framework gives the CFTC exclusive regulatory authority, making federal registration the operating anchor for sports-related event contracts.
The measure taxes each prediction-market operator at 6% of net trading fee revenue apportioned to North Carolina, without imposing state licensing, registration or other regulatory obligations. Revenue is tied to event-contract trading by a North Carolina resident who is domiciled and physically present in the state at the time of the trade, creating a lighter tax lane than sportsbook treatment.
The section takes effect January 1, 2027, and applies to net trading fee revenue received on or after that date. The next operational question is how platforms calculate North Carolina-apportioned revenue, keep supporting records and adapt pricing, because compliance now shifts from legal recognition to tax execution.
Source: North Carolina General Assembly.
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