Markets

Kentucky Prediction Market Tax Lawsuit: Kalshi, Polymarket, Crypto.com Sue to Block 14.25% Levy

A coalition of federally regulated prediction markets including Kalshi , Crypto.com , and Polymarket has filed a federal lawsuit challenging Kentucky's 14.25% excise tax on transaction fees, arguing i...

Kentucky Prediction Market Tax Lawsuit: Kalshi, Polymarket, Crypto.com Sue to Block 14.25% Levy

A coalition of Kalshi, Polymarket, and Crypto.com filed a federal lawsuit on June 13 challenging Kentucky's 14.25% excise tax on prediction market transaction fees, arguing it is discriminatory, uncon...