North Carolina state employees are prohibited from betting on prediction markets using information gained at work, according to a report. The available text does not identify the governor or provide details of the measure.
The restriction affects state employees’ use of work-derived information in prediction markets.
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Nevada argues that North Carolina’s prediction market tax weakens Kalshi’s opposition to state oversight. The dispute concerns state authority over Kalshi’s federally regulated exchange.
North Carolina's $34bn budget, signed by Governor Josh Stein in July, includes a 6% tax on prediction market operators' net trading fee revenue, citing WFAE. The tax takes effect in January and is expected to raise about $1m in the 2026-27 fiscal year. The measure adds to debate over election-related contracts on platforms such as Kalshi and Polymarket.
According to, citing WFAE, North Carolina's new spending plan imposes a 6% levy on the net trading fee revenue of prediction market operators. The measure takes effect in January.
North Carolina enacted a 6% tax on prediction-market net trading fees as part of its newly approved budget, signed by Governor Josh Stein earlier in July. The measure applies no licensing requirements, while the state also raised the mobile sports betting tax from 18% to 23%; the report estimates the prediction-market levy will raise about $1 million in fiscal 2026–27.
Arizona Governor Katie Hobbs issued an executive order prohibiting state executive-branch employees from disclosing or using confidential information to profit from, avoid losses in or assist others with prediction-market trades. Violations may result in dismissal, other discipline or referral to law enforcement; the order took effect immediately and remains in force until repealed or replaced.
North Carolina sports betting handle rose 5% year on year to $718.2 million in September, reportedly reaching its highest level in six months.
North Carolina's sports betting handle reached $718.2 million in September, a rise of 5 per cent compared with the same month a year earlier. The month ranked as the state's strongest in half a year.