Quick answer (read this first): The problem: Polymarket’s on-chain platform does not issue Form 1099-B, 1099-DA, or W-2G. Traders receive no standardized tax documentation summarizing their activity in order to […]
Quick answer (read this first): What it is: Cost basis is what was paid to acquire a digital asset, including the purchase price, expressed as a tax lot with a […]
Quick answer (read this first): The short answer: It depends and the IRS has not told you which answer applies. What the question actually means: Whether prediction market profits are […]
Quick answer (read this first): The problem: Exchange records are unavailable due to platform shutdown, lost credentials, incomplete exports, or years of unreconciled self-custody. Crypto cost basis is undocumented and […]
Quick answer (read this first): What it is: Crypto cost basis reconstruction is the process of rebuilding your digital asset transaction history at the tax-lot level by establishing what you […]
Prediction markets now operate within formal regulatory infrastructure and, in certain instances, under direct CFTC supervision. Platforms such as Kalshi function as Designated Contract Markets and list standardized event-based contracts […]
This article is written for three overlapping audiences who are now being pulled into the same global crypto tax reporting system. Investors holding, trading, staking, or deploying crypto across borders […]
Kalshi is no longer an experimental corner of the internet. It describes itself as the first CFTC-regulated event-contract exchange operating in the United States, and it now sits at the […]
Prediction markets are no longer a niche experiment. They now sit at the intersection of trading, information aggregation, and real capital deployment. What has not evolved at the same pace […]
Digital asset markets have transitioned from a period of limited reporting visibility to one characterized by structured information reporting, automated data reconciliation, and systematized compliance evaluation. This transition has altered […]
