10/30/2026
Election betting is booming—and the tax rules may surprise you. Profits from prediction markets like Kalshi and Polymarket could be taxed as gambling income, capital gains, or under special contract rules, each with very different outcomes. Find out what this could mean for your next tax return. Read now.
Profits from Kalshi, Polymarket, and election prediction markets may be taxable. Learn why the IRS treatment of winnings and losses remains uncertain.