In the News | Accounting Today
Taking a gamble on prediction market taxation
Dec. 16, 2025 · Authored by James Creech
As prediction markets gain traction, the tax implications aren’t always clear. Baker Tilly’s James Creech shared insights with Accounting Today on how differences in reporting rules, the classification of these platforms and gaps in IRS guidance can create uncertainty for taxpayers. His guidance highlights the importance of understanding how these emerging financial products could affect reporting, deductions and overall tax risk.
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