Nevada challenges Kalshi’s preemption argument over North Carolina prediction market tax
By The Weekly Edge desk ·
Summary
Nevada argues in the Ninth Circuit that Kalshi’s reliance on North Carolina’s prediction market tax weakens its preemption case, Gambling Insider reported. Kalshi had cited the tax to argue that states can impose taxes alongside federal oversight.
Why it matters
Nevada challenges whether Kalshi’s support for state taxation alongside federal oversight strengthens its preemption case.