Sports Prediction Markets taxed as gambling?

1.0 pts (24h)Exchange RegulationOne-OffUS Politics8mo

PolymarketCheck availabilityNo KYC2% feeVerified resolution dataFairly calibrated

Current implied probability

No 90.1%+0.0pt

Market quality

57 / 100

Medium quality

24h Volume

$83.3

Liquidity

$2.9K

Medium liquidity

Bid / Ask

8.0% / 11.0%

Spread

3.0 pt

Moderate spread

7d Change

-1.5 pts

Market data

Updated 19 minutes ago

Jun 1, 26, 5:49 PMApr 16, 27, 4:00 AM

Trends

Outcome24hChance

Paper funds only — no real moneyNot financial advice

Selected outcome

Yes10%

Stake (USDT)

Rules

This market will resolve to "Yes" if, by April 15, 2027, 11:59 PM ET, the IRS or U.S.

Department of the Treasury publishes formal guidance classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21).
Otherwise, this market will resolve to "No".
For purposes of this market, sports event contracts are contracts whose payoff is determined by the outcome, score, or statistical result of an athletic competition listed on a CFTC-designated contract market or swap execution facility.
Qualifying guidance must be published in the Internal Revenue Bulletin or the Federal Register as a Revenue Ruling, Revenue Procedure, IRS Notice, IRS Announcement, final or temporary Treasury Regulation, or proposed Treasury Regulation that remains published without withdrawal for at least 30 calendar days after its Federal Register publication date.
Guidance qualifies if it expressly applies Section 165(d) to such contracts or classifies them as wagering transactions for federal income tax purposes.

Volume trend

$83

Jul 418d of dataJul 27

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GEMINI

CXMT IPO Closing Market Cap

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Discord IPO Closing Market Cap

FTX US Recovery %

Will crypto market structure legislation become law?

$273

Before 2027?: 39.5%

GEMINI

Active in these topics

BitcoinBTC$65,392.84+1.39%

EthereumETH$1,956.95+4.07%

SolanaSOL$76.51+2.05%

XRPXRP$1.11+0.76%

DogecoinDOGE$0.0729+0.37%

BNBBNB$574.08+0.74%

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Russia’s parliament passes crypto market law with $3,800 annual cap for retail investorsCoindesk

Rules

This market will resolve to "Yes" if, by April 15, 2027, 11:59 PM ET, the IRS or U.S.

Department of the Treasury publishes formal guidance classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21).
Otherwise, this market will resolve to "No".
For purposes of this market, sports event contracts are contracts whose payoff is determined by the outcome, score, or statistical result of an athletic competition listed on a CFTC-designated contract market or swap execution facility.
Qualifying guidance must be published in the Internal Revenue Bulletin or the Federal Register as a Revenue Ruling, Revenue Procedure, IRS Notice, IRS Announcement, final or temporary Treasury Regulation, or proposed Treasury Regulation that remains published without withdrawal for at least 30 calendar days after its Federal Register publication date.
Guidance qualifies if it expressly applies Section 165(d) to such contracts or classifies them as wagering transactions for federal income tax purposes.

Sports Prediction Markets taxed as gambling?

1.0 pts (24h)Exchange RegulationOne-OffUS Politics8mo

PolymarketCheck availabilityNo KYC2% feeVerified resolution dataFairly calibrated

Current implied probability

No 90.1%+0.0pt

Market quality

57 / 100

Medium quality

24h Volume

$83.3

Liquidity

$2.9K

Medium liquidity

Bid / Ask

8.0% / 11.0%

Spread

3.0 pt

Moderate spread

7d Change

-1.5 pts

Market data

Updated 19 minutes ago

Jun 1, 26, 5:49 PMApr 16, 27, 4:00 AM

Trends

Outcome24hChance

Paper funds only — no real moneyNot financial advice

Selected outcome

Yes10%

Stake (USDT)

Rules

This market will resolve to "Yes" if, by April 15, 2027, 11:59 PM ET, the IRS or U.S.

Department of the Treasury publishes formal guidance classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21).
Otherwise, this market will resolve to "No".
For purposes of this market, sports event contracts are contracts whose payoff is determined by the outcome, score, or statistical result of an athletic competition listed on a CFTC-designated contract market or swap execution facility.
Qualifying guidance must be published in the Internal Revenue Bulletin or the Federal Register as a Revenue Ruling, Revenue Procedure, IRS Notice, IRS Announcement, final or temporary Treasury Regulation, or proposed Treasury Regulation that remains published without withdrawal for at least 30 calendar days after its Federal Register publication date.
Guidance qualifies if it expressly applies Section 165(d) to such contracts or classifies them as wagering transactions for federal income tax purposes.

Volume trend

$83

Jul 418d of dataJul 27

Related Markets

Will the SAVE Act become law?

$178

SAVE Act becomes law?: 7.5%

GEMINI

CXMT IPO Closing Market Cap

Anthropic IPO by __?

Discord IPO Closing Market Cap

FTX US Recovery %

Will crypto market structure legislation become law?

$273

Before 2027?: 39.5%

GEMINI

Active in these topics

BitcoinBTC$65,392.84+1.39%

EthereumETH$1,956.95+4.07%

SolanaSOL$76.51+2.05%

XRPXRP$1.11+0.76%

DogecoinDOGE$0.0729+0.37%

BNBBNB$574.08+0.74%

Related News

BitMEX sued for allegedly profiting from customer Bitcoin liquidationsCrypto News

White House pushes Senate Democrats to take 'historic' crypto Clarity Act ethics dealCoindesk

Senate nears bipartisan CLARITY Act deal after ethics breakthroughCrypto News

Russia passes landmark crypto bill allowing regulated retail tradingThe Block

White House agrees to ethics provisions in market structure billCointelegraph

Russia’s parliament passes crypto market law with $3,800 annual cap for retail investorsCoindesk

Rules

This market will resolve to "Yes" if, by April 15, 2027, 11:59 PM ET, the IRS or U.S.

Department of the Treasury publishes formal guidance classifying losses from CFTC-regulated sports event contracts as subject to the 90% loss cap under Section 165(d) of the Internal Revenue Code, as amended by the One Big Beautiful Bill Act (Public Law 119-21).
Otherwise, this market will resolve to "No".
For purposes of this market, sports event contracts are contracts whose payoff is determined by the outcome, score, or statistical result of an athletic competition listed on a CFTC-designated contract market or swap execution facility.
Qualifying guidance must be published in the Internal Revenue Bulletin or the Federal Register as a Revenue Ruling, Revenue Procedure, IRS Notice, IRS Announcement, final or temporary Treasury Regulation, or proposed Treasury Regulation that remains published without withdrawal for at least 30 calendar days after its Federal Register publication date.
Guidance qualifies if it expressly applies Section 165(d) to such contracts or classifies them as wagering transactions for federal income tax purposes.