Pennsylvania lawmakers propose prediction-market licences with $1m fee
Pennsylvania House Bill 2497 proposes a licensing framework for prediction markets in the state. The proposal sets a $1 million initial and annual renewal fee, limits participation to people aged 21 or older and would tax gross wagering revenue at 20%, with an additional 2% local assessment.
Platforms considering Pennsylvania would face proposed licensing costs, age restrictions and wagering taxes if the bill passes.