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Pennsylvania Proposes $1M Fee for Prediction Market Licenses
By Editorial profile image Editorial

Pennsylvania Proposes $1M Fee for Prediction Market Licenses

While some states are moving to ban prediction market platforms, Pennsylvania lawmakers are proposing to cash in on the craze.

While some states are moving to ban prediction market platforms, Pennsylvania lawmakers are proposing to cash in on the craze.

A new bill in Pennsylvania is suggesting a $1 million fee for companies to acquire an event wagering license, along with a requirement to pay 20% of their revenue as state taxes.

House Bill 2497, backed by twelve Democrats, aims to regulate prediction market platforms in the state.

By Editorial profile image Editorial
Updated on
Regulation Pennsylvania House Bill 2497 Democrats Prediction Market Event Wagering License