Prediction market tax proposal to return in fall, NJ Assembly speaker says

Late amendments knocked bill off course, but proposal for 9% surtax on prediction market income will return in fall, speaker says.

By: Nikita Biryukov

Outlets: New Jersey Monitor

Published: July 7, 2026

Words: 621

Last Updated: 2 weeks, 1 day ago

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A proposal to tax prediction markets that did not clear floor votes in either legislative chamber before lawmakers broke for their customary summer recess will return along with legislators come the fall, Assembly Speaker Craig Coughlin (D-Middlesex) told the New Jersey Monitor.

The bills, which cleared both chambers’ budget committees in party-line votes, would enact a 9% surtax on prediction markets’ net income in a bid to draw more revenue for the state.

“We’re planning …

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