PREDICTION MARKETS MAY GAIN FROM HIGHER SPORTS BETTING TAXES: BENCHMARK
Benchmark’s Mike Hickey says rising state taxes on sports betting could drive users to tax-free alternatives like Kalshi. For example, DraftKings added a 50¢ fee in Illinois due to a new per-wager tax, which may deter bettors. Unlike sportsbooks, Kalshi is federally regulated and not subject to state taxes, making it a potentially attractive option for both users and operators.The copyright of this article belongs to the original author/organization.
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