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.
Regulation
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New York judge denies Kalshi’s preliminary injunction motion
Kalshi has received an unfavorable ruling in its lawsuit against the New York State Gaming Commission (NYSGC) over the delivery of sports event contracts.
Donald Trump Grants Pardon to Man Tied to Casino Ship Fraud
US President Donald Trump has officially pardoned Adam Kidan, a man who was previously sentenced in a casino ship business fraud case.
New Jersey Lawmakers to Revisit Prediction Market Tax Proposal in Fall
New Jersey lawmakers are expected to revisit a proposal to tax prediction markets when the legislature returns in the fall after the measure failed to reach floor votes before the summer recess.
New Jersey Considers 9% Tax on Prediction Markets
New Jersey lawmakers are considering imposing a 9% tax on prediction markets.
CFTC Chairman: Prediction Markets Not for Gambling
Commodity Futures Trading Commission Chairman Michael Selig reiterates that prediction markets like Kalshi and Polymarket are not offering gambling services.
North Carolina Gov. signs budget to raise betting tax and add
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.
Ohio sportsbooks unlikely to oppose credit card ban
After weeks of contemplation, the Ohio Casino Control Commission (OCCC) has officially announced its intention to ban the use of credit cards for sports betting in the state.
Las Vegas Youth Baseball Scandal Involves Alleged $64K Misuse
A youth baseball organization in Las Vegas is facing allegations of embezzlement by its former president, who reportedly misused tens of thousands of dollars from league funds for personal expenses, including gambling and adult entertainment.
African Regulators Strengthen Cooperation on Gambling Issues in London
African gambling regulators agreed to strengthen cooperation on illegal gambling, market data, taxation and responsible gambling during a London session convened by the African iGaming Alliance on the sidelines of iGB L!VE 2026.
Kazakhstan Government Reports $21M in Blocked Illegal Casino
The government of Kazakhstan says banks have blocked more than $21 million in transactions linked to illegal casino platforms over six months.
UKGC Adopts Staged Approach to Risk Assessment Integration
Following the conclusion of its Financial Risk Assessments (FRAs) trial, the UK Gambling Commission (UKGC) confirmed that it will be implementing this somewhat controversial regulation.