Iowa House Panels Advance Prediction Market, Nicotine Tax Proposals

Iowa House panels advance prediction market, nicotine tax proposals

Iowa House lawmakers discussed several potential tax changes Monday, including a measure adding regulations on event-prediction market platforms like Kalshi.

Iowa House panels advance prediction market, nicotine tax proposals - Stateline Publications

Iowa lawmakers are considering a bill seeking to impose state regulation on companies that conduct event-driven market trading in Iowa. (Photo by Anne-Marie Caruso/New Jersey Monitor)Iowa House lawmakers discussed several potential tax changes Monday, including a measure adding regulations on event-prediction market platforms like Kalshi. A House subcommittee considered Senate File 2470, which would require companies conducting event-driven mark…

Iowa moves to tax federally regulated markets — and invites a lawsuit

As Iowa legislators work “overtime” in Des Moines this session, they’re considering a bill that aims to create a new regulatory and tax system for “event-driven contracts” — better known as prediction markets. While issues like eminent domain for carbon capture pipelines, property tax reform, and reasonable protections on what minors can access from their government remain unfinished, Senate File 2470 has a subcommittee scheduled for Monday, Apr…