POPA ReconKALSHI WORLD CUP BETS COULD GET A TAX BREAK
KALSHI WORLD CUP BETS COULD GET A TAX BREAK Americans betting on the World Cup through prediction markets could face lower taxes than sportsbook users. Because event contracts are structured as investments, traders may claim broader loss deductions—and potentially lower tax rates. Critics say these contracts still function like gambling, regardless of their legal structure. With no IRS guidance, taxpayers must weigh potential savings against the risk of back taxes and penalties. (@WalterBloomberg)
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