Hawaii lawmakers advance bills on sports betting and prediction markets
Hawaii lawmakers advanced two House bills covering sports betting and prediction markets, according to the report. House Bill 2570 would license sports wagering, set a $500,000 fee renewed every five years and tax annual gross wagering receipts at 15%; House Bill 2198 would broaden the state’s definition of gambling to include sports betting and speculation on future events. Both bills passed second reading, with further committee hearings not yet scheduled.
The bills could license and tax sports wagering while broadening Hawaii’s gambling definition to cover prediction markets.