How are prediction markets taxed? The IRS hasn’t provided guidance yet
“Izmir, Turkey – June 12, 2012: Close up to IRS( Internal Revenue Service) website through a magnifying glass on the laptop. IRS is a United States government agency tasked with collecting yearly state and income tax from working residents and businesses.” Digitalvision | Istock Unreleased | Getty Images As prediction markets grow in popularity, traders…
