Iowa House subcommittee advances prediction-market licensing and tax bill
An Iowa House subcommittee advanced Senate File 2470, a proposal to require licences for event-trading platforms serving state residents, the report said. The bill would set a $20 million initial licensing fee, $100,000 annual renewals and a tiered tax system that includes a 20% tax on operator revenue from Iowa users.
The proposed fees and taxes would set significant licensing and operating costs for prediction-market platforms serving Iowa.