North Carolina passes bill recognizing CFTC preemption over prediction markets

North Carolina has enacted a law imposing a 6% tax on the net trading fee revenue of prediction market platforms linked to residents in the state, reflecting a move to recognize federal regulatory authority over these markets. This aligns with the Commodity Futures Trading Commission's (CFTC) stance on preempting state regulation over financial derivatives trading. The legislation underscores a broader effort to harmonize state and federal oversight in the evolving landscape of digital financial markets, potentially setting a precedent for other states.