Dossier
Coalition for Fair Markets
Coverage of Coalition for Fair Markets in the Nexus archive.
- A coalition sues to block Kentucky’s new 14.25% prediction markets tax
A coalition including Kalshi, Crypto.com, and Polymarket sued Kentucky over its new 14.25% excise tax on prediction markets, arguing it is discriminatory and unconstitutional. The tax, higher than the 9.75% rate on horse track wagers, faces opposition from companies and the state's attorney general, who claims it is necessary to protect legal betting laws.