The post North Carolina imposes 6% tax on CFTC-regulated prediction markets appeared on BitcoinEthereumNews.com.
North Carolina was the first state to codify the federal jurisdiction over prediction markets into its statutes, allowing Kalshi and Polymarket to operate legally as long as the two prediction market firms are registered with the Commodity Futures Trading Commission (CFTC). This is very important as it provides a model for all the trading platforms that are facing lawsuits from states over such issues since it presents a trade-off between the revenue-sharing arrangements and the hands-off approach in regulation. The provision is part of Senate Bill 257, formally known as Session Law 2026-41, and is part of the roughly 34 billion budget passed. The provision is based on the Commodity Exchange Act, whereby the CFTC has been given “exclusive federal regulatory authority” of prediction markets by this law. If a prediction market is registered with the CFTC, it has fulfilled all
The post Polymarket Files for Margin Trading License as US Expansion Accelerates appeared on BitcoinEthereumNews.com.
Polymarket files for a U.S. FCM license to offer margin trading as CFTC approval and added user checks remain required. Polymarket is seeking U.S. approval to offer margin trading, according to Bloomberg. The move could let users trade prediction markets without posting full capital upfront. The application was filed on July 3 through Coming Home GBA LLC. The affiliate applied for a futures commission merchant license with the National Futures Association. Polymarket also needs approval from the Commodity Futures Trading Commission. That approval would allow changes to its rulebook for non-fully funded trading. The filing shows how prediction markets are moving closer to regulated financial markets. It also marks another step in Polymarket’s U.S. expansion plans. Polymarket Seeks U.S. Margin Trading Approval Polymarket operates prediction markets tied to real-world even
The post Wall Street banks restrict staff trading on prediction markets appeared on BitcoinEthereumNews.com.
Major Wall Street banks are tightening employee rules for prediction markets as concerns grow over the use of confidential information on platforms such as Polymarket and Kalshi. Summary Wall Street banks are restricting employee prediction-market trades as concerns about confidential information use increase. Goldman Sachs bars contracts tied to finance, politics, macroeconomics, geopolitics, and bank-specific events for staff. Federal cases and congressional probes are pushing platforms and employers toward tighter surveillance and compliance. Goldman Sachs, Morgan Stanley, JPMorgan Chase and Bank of America have added or updated restrictions covering event contracts, according to a Reuters report. The policies aim to reduce insider trading and conflict-of-interest risks. Goldman Sachs limits financial and political trades Goldman Sachs has prohibited employees from trading pr
Polymarket files for a U.S. FCM license to offer margin trading as CFTC approval and added user checks remain required. Polymarket is seeking U.S. approval to offer margin trading, according to Bloomberg. The move could let users trade prediction markets without posting full capital upfront. The application was filed on July 3 through Coming Home […]
The post Polymarket Files for Margin Trading License as US Expansion Accelerates appeared first on Live Bitcoin News.
Rothera's rapid growth in prediction markets highlights the increasing mainstream acceptance and potential profitability of event-driven trading.
The post Rothera surpasses $3B in wagers amid World Cup excitement appeared first on Crypto Briefing.
The post North Carolina Backs CFTC Oversight of Prediction Markets appeared on BitcoinEthereumNews.com.
The post North Carolina Backs CFTC Oversight of Prediction Markets appeared first on Coinpedia Fintech News North Carolina has passed a law recognizing the Commodity Futures Trading Commission (CFTC) as the primary regulator of prediction market platforms such as Kalshi and Polymarket, making it one of the few states to support federal oversight instead of treating them as gambling operators. Signed on July 7, the law imposes a 6% tax on … Source: https://coinpedia.org/crypto-live-news/north-carolina-backs-cftc-oversight-of-prediction-markets/
Wall Street banks, including Goldman Sachs and Morgan Stanley, are restricting employee prediction market trades as insider trading fears spread across Polymarket and Kalshi.
Polymarket filed for FCM registration with the NFA, aiming to offer regulated leveraged trading to US users — amid a parallel CFTC marketing investigation.
The post Margin Trading Arrives on Polymarket: Will Polymarket Hoover All Hyperliquid Liquidity? appeared first on 99Bitcoins.
