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. *Walter Bloomberg (@DeItaone) / Twitter · 07-12 21:47
Goldman bans staff from participating in finance, politics prediction markets, source says Stock Market News · 07-10 05:00
Goldman Sachs bans staff from most prediction market trading - Bloomberg Stock Market News · 07-10 03:50
Traders on Kalshi think the Nasdaq-100 will end 2026 above 30,000, predicting a cooler second half of the year CNBC.com - Stock Market Headlines · 07-08 06:15
The World Cup sends prediction market volumes soaring to record highs CNBC.com - Stock Market Headlines · 07-04 21:54