White House and Donald Trump Jr. engage state officials over US prediction markets
By SectorWire desk ·
Summary
A report, citing an investigation, said that Donald Trump Jr. advocated for prediction markets before Republican state attorneys general in March. The report said White House officials separately conveyed federal policy to North Carolina lawmakers. North Carolina's budget imposed a 6% prediction market tax and recognised that CFTC-registered platforms could operate without state licences.
Why it matters
North Carolina's approach allows CFTC-registered prediction market operators to operate without state licences while paying a 6% tax.