Here's something I keep wondering about: Are prediction markets basically just gambling with extra steps? Because if they're not, then we're still looking at taxable events, right? The line between speculation and betting feels thinner every day in crypto.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
OfflineValidatorvip
· 12-12 02:59
The difference is just a hair's breadth, the key depends on how regulators classify it...
View OriginalReply0
VirtualRichDreamvip
· 12-12 02:56
How does the tax bureau calculate it? I really can't understand... Is the prediction market considered investment or gambling? It seems that regulation will have to step in sooner or later.
View OriginalReply0
SwapWhisperervip
· 12-12 02:44
To be honest, the line between predicting markets and gambling is now really blurred... But when it comes to taxes? Buddy, that's the real headache.
View OriginalReply0
LiquidationKingvip
· 12-12 02:39
NGL prediction markets are just gambling with a disguise; the tax authorities have already been monitoring this area.
View OriginalReply0
ETHReserveBankvip
· 12-12 02:37
Basically, it's just gambling with a different name, and the IRS has been watching it for a long time...
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)