As people in the state are quite familiar with, South Carolina betting remains illegal for sports fans, as SC is one of 11 states without it being an option. However, places like Kalshi and PolyMarket continue to grow in popularity, which is not good at all. And with that, it's really no secret that prediction markets continue to complicate the South Carolina betting push, and it's something that really has no end in sight right now.
In case you missed it, South Carolina has been working to bring an end to the prediction markets, but the problem continues to be that they are regulated at a Federal level. Well, South Carolina got involved with 44 other states in sending a letter to the CFTC to urge them to reconsider the current laws. Straight up, those 44 states believe prediction markets should be regulated at a state level, and not a Federal one. This is something South Carolina officials want to see changed soon.
"States and the CFTC have been locked in a jurisdictional battle ever since prediction market exchanges’ volumes exploded last year, primarily driven by the popularity of their sports-related contracts," CNBC reported in a recent article that has been making the rounds. "The 2026 FIFA World Cup sent platform volumes to new heights."
This summer alone, the use of prediction markets skyrocketed. It should be no surprise that the states without legal sports betting options, including South Carolina, were the ones to see a rise in things. Those numbers are only going to keep on growing with football season here (more on that below). For South Carolina, it continues to be behind with legalization, and no one knows when things might get pushed over the line. Maybe next year? Who knows.
More bad news for so-called “prediction markets” like @Kalshi...
44 State AGs say "The Proposed Rule ignores the effects of nationalized legal gambling, overlooks the effects on States and their citizens, does not adequately consider costs, and ignores entirely reliance… pic.twitter.com/BLFmh57sRh
— American Gaming Association (@AmericanGaming) July 29, 2026
There isn't much optimism surrounding sports betting getting the green light in 2027
As you might have been able to guess, there isn't much optimism surrounding sports betting getting the green light in 2027. Plenty of people were familiar with Senate Bill 444, which made waves not that long ago. With this, it would have brought in online sports betting, with the tax number being set at 12.5 percent. This would have been huge for South Carolina.
However, things haven't really been able to get off the ground as a whole, which is terrible. We see states record an incredible amount of tax betting revenue each month, with that money used to help fund resources across the state. It benefits local citizens too, as that money is being used to help out the state as a whole.
However, only prediction markets are in operation, and South Carolina doesn't get a penny from any of the revenue there. Is that fair for the state? Not at all, which is why there should be urgency to get sports betting legalized so officials can take advantage of the sports betting tax revenue advantages. For now, there's no rush in South Carolina to make that happen, which is a mistake.
NFL betting through prediction markets is going to take off soon in South Carolina
To close things out here, keep in mind too that NFL betting through prediction markets is going to take off soon in South Carolina. While SC doesn't have a pro team, people in the state are always going to pay close attention to the Carolina Panthers, who are located over in Charlotte.
Because of this, people are going to continuously be checking the futures NFL betting odds, and putting money down on the Panthers. Not only that, but attention on the NFL as a whole is going to be pretty high, leading to other wagers too. As things stand, the Los Angeles Rams remain the clear favorites to win the Super Bowl this year, but other teams are in the hunt.
The Seahawks, Eagles, Bills, Ravens and others are hoping to make a splash. While the Panthers aren't big-time threats, you never know what might be in the works for Bryce Young and others this season. With all of that said, the NFL is king when it comes to betting, but if people in South Carolina want to get in on the fun and action, they'll have to go through the prediction markets. How much longer will that prove to be the case? your guess is as good as ours.
