Wire report
How are prediction markets taxed? The IRS hasn’t provided guidance yet
Experts say the lack of federal guidance makes it's unclear on how prediction markets winnings should be reported and levied.
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Experts say the lack of federal guidance makes it's unclear on how prediction markets winnings should be reported and levied.
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What happened
According to CNBC’s linked report, How are prediction markets taxed? The IRS hasn’t provided guidance yet, Experts say the lack of federal guidance makes it’s unclear on how prediction markets winnings should be reported and levied.
Context
The development sits in VINI’s Technology coverage for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked report is dated 2026-07-18T11:24:54+00:00.
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Open questions include whether primary sources issue follow-up statements, whether local or market impacts become clearer, and whether additional reporting changes the timeline or adds material context.
Source
Primary source: How are prediction markets taxed? The IRS hasn’t provided guidance yet via CNBC. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- How are prediction markets taxed? The IRS hasn’t provided guidance yetCNBC - 2026-07-18T11:24:54+00:00
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