Kalshi and other prediction market analysts are facing legal disputes in multiple US states, with North Carolina nearing the implementation of taxation measures.

Odaily Planet Daily reports that the prediction market industry, represented by Kalshi, is facing legal disputes in multiple US states and has argued in a series of court hearings this week that state regulators should not have jurisdiction. The legal disputes continue in Nevada and Michigan, with on-site arguments underway in Minnesota, and the case may also be appealed to the US Supreme Court. Meanwhile, North Carolina is close to imposing state taxes on prediction market revenue. (CoinDesk)