Novig Taxes 2026: 1099s, Historical Records & Reporting
Quick Answer The short answer: Novig taxes in 2026 have to be analyzed by operating period because Novig has operated materially different products under the same brand. Novig began 2024 […]
Interactive Brokers Prediction Market Taxes & Accounting
Quick answer The short answer: Interactive Brokers currently gives eligible U.S. clients access to event contracts from ForecastEx, Kalshi and CME Group through one brokerage account. That does not make […]
Prediction Market Tax Documents: 1099s, Statements & IRS Reporting
Quick Answer Prediction markets do not currently follow one uniform tax-reporting model. Depending on where and how you trade, you may receive a 1099, an annual trading statement, a P&L […]
Coinbase Prediction Market Taxes & Accounting: How Funding, Contracts & Reporting Work
Quick answer The short answer: Coinbase prediction-market activity can create taxable gain or loss, and the tax treatment depends on the transaction that actually occurred. What matters first: Coinbase currently […]
Building a Prediction Market Tax & Accounting Practice Before the Rules Were Written
Quick answer (read this first) The short answer: Camuso CPA was among the earliest publicly documented U.S. CPA firms we identified to build a dedicated prediction-market tax and accounting practice. […]
Camuso CPA Releases the State of U.S. Prediction-Market Tax and Accounting 2026
Quick answer Camuso CPA has released the inaugural State of U.S. Prediction-Market Tax and Accounting 2026. The report addresses a practical issue facing a growing class of professional participants: federal […]
Cross-Venue Prediction Market Accounting: Kalshi, Polymarket, and Multi-Venue Trading
Quick answer (read this first) The short answer: A professional prediction-market firm generally cannot establish its accounting or tax reporting by adding together the profit and loss reported by Kalshi, […]
Sports vs. Financial Event Contracts: Why Prediction Market Tax Analysis Requires a Contract-by-Contract Approach
Quick answer (read this first) Prediction market contracts should not be assigned a single federal income tax treatment merely because they trade through the same platform or use similar payout […]
Self-Employment Tax and NIIT for Prediction Market Traders and Partners
Quick answer (read this first) The short answer: Section 1402 applies its own rules to the income, gains, and losses involved, and published Treasury or IRS guidance has not specifically […]
Tax Treatment of Prediction Market-Maker Rebates, Liquidity Incentives & Platform Payments
Quick answer (read this first) Prediction market maker rebates, liquidity incentives, volume-based rewards, fee credits, interest, and other platform payments do not all have one federal tax treatment. The terminology […]
