By The Weekly Edge desk ·
iGaming Brazil reported that North Carolina lawmakers approved a budget raising the sportsbook tax rate from 18% to 23%. The budget directs part of betting tax receipts to university athletic departments.
The change increases operator taxation and provides funding for university sports.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.