Kalshi and others predict that prediction markets will face legal challenges in several U.S. states, with North Carolina moving closer to imposing a tax
Svmuu News: The prediction market industry, represented by Kalshi, is facing legal disputes in multiple U.S. states and is arguing in a series of hearings this week that state regulators should not have jurisdiction over the matter. Legal disputes are continuing in Nevada and Michigan, while oral arguments are underway in Minnesota; the cases may also be appealed to the U.S. Supreme Court. Meanwhile, North Carolina is moving closer to imposing a state tax on prediction market revenues. (CoinDesk).
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