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. […]
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 […]
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, […]
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 […]
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 […]
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 […]
Quick answer (read this first) There is no general profit, trading-volume, or account-size threshold that requires a prediction-market trader or trading firm to obtain a written tax opinion. The need […]
Quick answer (read this first) A prediction-market trader or trading firm can finish the year with a reliable estimate of economic profit and still be materially unprepared to file a […]
Quick answer (read this first) The short answer: There is no separate federal tax treatment that applies merely because a participant is described as a prediction-market market maker, professional trader, […]
Quick answer (read this first) Professional market making on Kalshi can present a substantially more complicated federal tax and accounting profile than occasional prediction-market trading. Two-sided quoting, automated execution, short […]
