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Yes, income from your winning Super Bowl wager on the Eagles is taxable. So were winning bets on the election in November.
But prediction markets aren't stock markets, and the distinction may have tax implications ... for which long-term gains would typically be taxed at a lower rate. The IRS does allow a tax break for ...
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Stocks Set to Open Higher as Investors Shrug Off Trump’s Tariff Threat, U.S. Inflation Data and Powell’s Testimony in Focus
S&P 500 E-Mini futures (ESH25) are up +0.46%, andMarch Nasdaq 100 E-Mini futures (NQH25) are up +0.61% this morning as ...