10/30/2026
Prediction markets are booming ahead of the 2026 midterms — but did you know your winnings could be taxed as gambling income, capital gains, or something else entirely? The IRS rules aren’t fully clear yet, and that could change what you owe. Find out what traders and taxpayers need to know. Read now.
Discover how the IRS taxes prediction market gains from Kalshi and Polymarket, including 2026 gambling loss rules, capital gains, and reporting options.