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. This advancement moves the bills to the second reading in their respective chambers. The bills aim to introduce taxes on prediction markets, marking a significant development in New Jersey's legislative landscape.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
England vs. Argentina kicks off in the World Cup Semifinals at 3 p.m. ET on FOX from Mercedes-Benz Stadium in Atlanta, Georgia.
