Are Prediction Market Profits Gambling Income?
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 […]
Section 1256 and Prediction Markets: Do Kalshi and Event Contracts Qualify?
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 […]
Kalshi Tax Reporting: What Your 1099 Leaves Out
Kalshi is no longer an experimental corner of the internet. It is the first CFTC-regulated event-contract exchange operating in the United States, and it now sits at the intersection of […]
Prediction Market Taxes Explained: Why U.S. Tax Characterization Remains Unsettled
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 […]
