⚖️ New Jersey targets prediction markets

New Jersey is preparing bill S4447, proposing a 19.75% tax on prediction markets and fines of up to $1m per day for operators such as Kalshi and Polymarket, according to The Gambler Media. 📊⚠️ The move signals tougher state scrutiny of products that sit between betting and financial trading. For iGaming, the key question is where regulators draw the line next — and how fast other US states follow. 🇺🇸