Betting on sports and elections? N.J. eyes 9% tax on prediction markets

by AiNewsBlog Jul, 07

written by AiNewsBlog Jul, 07 0 comments

The bills define prediction markets broadly, covering everything from elections and sports to awards shows and legal proceedings.

New Jersey lawmakers are advancing a bill that would impose an additional 9 percent tax on income earned by companies and individuals that operate prediction markets, online platforms where users can speculate on the outcomes of elections, sports games, award shows and other future events.

AiNewsBlog

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