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New Jersey Bill Seeks Prediction Market Regulation, Taxation
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New Jersey Bill Seeks Prediction Market Regulation, Taxation
A New Jersey prediction market bill would require operators to pay a 29.75% tax. NJ S4447 seeks to regulate prediction markets in the state and limit insider trading and market manipulation. The bill would also ban markets involving elections, death, and “catastrophic events” like war, natural disasters, acts of terrorism, and more examples. TRENTON, N.J. – The New Jersey Senate Budget and Appropriations Committee will discuss a bill to regulate…
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