North Carolina has enacted a law recognizing the CFTC's authority over prediction markets, including Kalshi and Polymarket. The law, signed by Governor Josh Stein, imposes a 6% tax on operators' net trading fee revenue from state residents.
The new law, part of the state's 2026 budget, allows prediction markets registered with the CFTC to operate legally in North Carolina. It explicitly states that the CFTC holds exclusive federal regulatory authority over these platforms. The 6% tax on operators' net trading fee revenue will take effect on January 1, 2027, without imposing any licensing or regulatory obligations.