Pennsylvania lawmakers propose prediction-market oversight and 34% state tax
By SectorWire desk ·
Summary
Pennsylvania lawmakers have proposed prediction-market rules covering taxation, oversight and insider trading. State Representative Danilo Burgos’s bill would give the PGCB oversight and impose a 34% state tax plus a 2% local assessment. State Representative Tarik Khan backs separate bipartisan legislation banning insider trading and market manipulation and restricting bets involving deaths and youth sport.
Why it matters
Pennsylvania proposals would introduce prediction-market taxation, PGCB oversight, insider-trading bans and restrictions on bets involving deaths and youth sport.