Kalshi and Polymarket Traders Could Face Higher Tax Bills if Wagering Rules Apply
Prediction markets are generating billions of dollars in trading activity, but the cash left in a trader’s account at year-end may not tell the full tax story. Across Kalshi and Polymarket’s two platforms, the market
People who trade on prediction markets might owe more taxes than they expect, because taxes are counted differently there than they thought. This reminds us that whenever someone makes money anywhere, it's smart to understand the tax rules first.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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