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Kalshi’s 6% Tax Win Could Shift the Odds for Prediction Markets
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Subscribe29 SEP 2026 / ACCOUNTING & TAXES
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North Carolina has decided to impose a 6% tax on net trading fee revenue on prediction market operators, such as Kalshi, a move that raises questions over whether these platforms should be regulated as financial services or gambling enterprises. This decision could influence both taxation and regulatory frameworks for prediction markets, as it allows North Carolina to collect revenue without necessarily treating these platforms as traditional sportsbooks, potentially providing Kalshi with a valuable legal example in future disputes.
A 6% tax sounds like a revenue story. For Kalshi, it may be something far more valuable. Most tax laws answer one basic question: how much does a business owe? North Carolina’s new prediction market tax raises a harder one: what exactly is the busin...
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