Can Prediction Market Activity Qualify as a Trade or Business?
Quick answer (read this first): What this article addresses: Can prediction market activity qualify as a trade or business, and what changes if it does. The answer depends on the […]
Forbes 2026 Best-in-State Top CPA Recognition and the Evolution of Tax and Accounting
Patrick Camuso was included on the Forbes 2026 Best-in-State Top CPAs list, marking a second consecutive year of recognition. That recognition comes at a time when the digital asset landscape […]
Hyperliquid Prediction Market Tax Analysis (HIP-4)
Quick answer (read this first): What HIP-4 is: Hyperliquid’s outcome contract framework, announced in September 2025 and live on testnet as of February 2026, introduces binary prediction market instruments directly […]
Camuso CPA Featured in Wired on Prediction Market Tax Reporting Challenges
Wired published a piece examining the tax reporting challenges facing prediction market traders following the explosive growth of platforms like Kalshi and Polymarket. Patrick Camuso, CPA was quoted in the […]
Prediction Market Loss Deductions Explained
Quick answer (read this first): The short answer: It depends entirely on how your prediction market activity is characterized, and the rules differ so significantly across frameworks. Why prediction market […]
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 […]
