IRS: No Guidance on Prediction Market Taxation
IRS: No guidance issued on prediction market taxation as of July 2026, leaving traders exposed to uncertain IRS tax rules for traders and crypto prediction markets impact.
SourceAnalysis
IRS has issued zero guidance on prediction market taxation, leaving traders to navigate ambiguous IRS tax rules for traders amid rising volumes in crypto prediction markets impact. The agency’s silence forces market participants to apply general capital gains treatment without specific clarity on event contracts or platform fees. CNBC reported the gap persists into mid-2026, increasing compliance risk for both retail and institutional desks active in these venues.
CNBC
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