Iowa House panels advance prediction market, nicotine tax proposals

By: Robin Opsahl

Outlets: Iowa Capital Dispatch

Published: April 28, 2026

Words: 1,938

Last Updated: 2 months, 2 weeks ago

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Iowa House lawmakers discussed several potential tax changes Monday, including a measure adding regulations on event-prediction market platforms like Kalshi.

A House subcommittee considered Senate File 2470, which would require companies conducting event-driven market trading to obtain a state permit to operate in Iowa. The legislation aims to tackle the rising industry of “prediction markets” which allow people to bet virtually on a variety of world events, including sports, political contests and events …

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