New Jersey Moves to Tax and Regulate Prediction Markets
New Jersey lawmakers have introduced legislation that would create a state regulatory system for prediction markets, establish new taxes on operators, and require licensing for sports-related event contracts. Senate President Nicholas Scutari and Sen. Paul Sarlo filed Senate Bill 4447, a measure that seeks to bring prediction market activity under state oversight while allowing certain sports-related contracts to continue operating under a regulated framework. The proposal arrives as states, prediction market operators and federal regulators continue to dispute who has […] The post New Jersey Moves to Tax and Regulate Prediction Markets appeared first on World Casino News.
New Jersey lawmakers have introduced legislation that would create a state regulatory system for prediction markets, establish new taxes on operators, and require licensing for sports-related event contracts. Senate President Nicholas Scutari and Sen. Paul Sarlo filed Senate Bill 4447, a measure that seeks to bring prediction market activity under state oversight while allowing certain sports-related contracts to continue operating under a regulated framework. The proposal arrives as states, prediction market operators and federal regulators continue to dispute who has […]
The post New Jersey Moves to Tax and Regulate Prediction Markets appeared first on World Casino News.
