New Jersey legislation · 2026-2027 Regular Session
New Jersey S4447: Prediction markets-establish regulatory framework
Status: Introduced, June 28, 2026
Establishes surtax on certain incomes derived from operation of prediction markets.*
What the bill says
An Act concerning a surtax on certain incomes derived from the operation of prediction markets and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and N.J.S.54A:1-1 et seq. 1. a. In addition to the tax paid by each prediction market operator determined pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), each prediction market operator, for privilege periods beginning on and after July 1, 2025, shall be assessed and shall pay a surtax of 9 percent on allocated taxable net income. The surtax shall be due and payable in accordance with section 15 of P.L.1945, c.162 (C.54:10A-15), and the su.
From the committee substitute text, June 28, 2026:
An Act concerning a surtax on certain incomes derived from the operation of prediction markets and supplementing P.L.1945, c.162 (C.54:10A-1 et seq.) and N.J.S.54A:1-1 et seq. 1. a. In addition to the tax paid by each prediction market operator determined pursuant to section 5 of P.L.1945, c.162 (C.54:10A-5), each prediction market operator, for privilege periods beginning on and after July 1, 2025, shall be assessed and shall pay a surtax of 9 percent on allocated taxable net income. The surtax shall be due and payable in accordance with section 15 of P.L.1945, c.162 (C.54:10A-15), and the surtax shall be administered pursuant to the provisions of P.L.1945, c.162 (C.54:10A-1 et seq.). Notwithstanding the provisions of any other law to the contrary, no credits shall be allowed against the surtax liability computed under this section except for credits for installment payments, estimated payments made with a request for an extension of time for filing a return, or overpayments from prior privilege periods. b. For purposes of this section: Allocated taxable net income shall mean taxable net income as defined in subsection (w) of section 4 of P.L.1945, c.162 (C.54:10A-4). Bid-ask format means a format in which parties submit offers to buy positions at a specific price or range of prices and offers to sell positions at a specific price or range of …