Former Cuomo aide urges New York to tax prediction market operators
By SectorWire desk ·
Summary
A former aide to Andrew Cuomo advocated taxing Kalshi and other prediction market operators in New York. The report described ongoing litigation between federally regulated sports prediction markets and states alleging that the exchanges operate illegal sportsbooks.
Why it matters
Prediction market operators face calls for New York taxation alongside litigation over states’ allegations that they operate illegal sportsbooks.