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Kentucky General Assembly

Coverage of Kentucky General Assembly in the Nexus archive.

Earliest in view: Jun 13 · 02:00 UTCMost recent: Jun 13 · 02:05 UTC
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  • BUSINESSJun 13 · 02:05 UTCWPLG LOCAL 10 MIAMI
    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.

  • BUSINESSJun 13 · 02:00 UTCWDIV CLICKONDETROIT
    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 14.25% excise tax on prediction markets, arguing it is discriminatory and unconstitutional. The tax, enacted by the Kentucky General Assembly in April, is higher than the 9.75% tax on horse track wagers. Kentucky Attorney General Russell Coleman defended the tax, claiming it protects the state’s sports betting laws.

Kentucky General Assembly · Dossier · The Nexus