Nevada cites North Carolina tax to challenge Kalshi’s regulatory position
By SectorWire desk ·
Summary
Nevada’s attorney general’s office has argued before a federal appeals court that Kalshi’s acceptance of a North Carolina trading revenue tax acknowledges state regulatory power. The office contends that this position also subjects Kalshi to Nevada’s tax provisions.
Why it matters
Nevada argues Kalshi’s acceptance of North Carolina’s trading revenue tax acknowledges state regulatory power and supports Nevada taxation.