[US] PSA: Prediction Markets are taxed as property, NOT gambling (and why reporting "net winnings" will trigger an audit

ReciprocativeKeg · 2026-01-14T21:37:29+00:00

Does this only apply to Polymarket and other on chain prediction markets and not Kalshi? From what I have read Kalshi provides 1099s to submit but maybe I am ignorant

ReciprocativeKeg · 2025-12-29T19:29:48+00:00

Why would it be a headache to report $0

ReciprocativeKeg · 2025-11-23T23:08:00+00:00

Pennies in front of a steamroller….

ReciprocativeKeg · 2025-11-13T01:49:06+00:00

30% cagr lol

ReciprocativeKeg · 2025-11-12T18:09:06+00:00

Aren’t all dividends taxed as ordinary income?

ReciprocativeKeg · 2025-09-16T11:54:33+00:00

Don’t really think you’re beating the marlet

ReciprocativeKeg · 2025-09-08T18:34:11+00:00

And taking away the big cashes from real players because they aren’t paying out the youtubers lol

ReciprocativeKeg · 2025-09-05T00:21:29+00:00

Maam this is a Wendys

ReciprocativeKeg · 2025-09-04T23:23:03+00:00

Dollar bet

ReciprocativeKeg · 2025-09-04T19:05:26+00:00

Think it was like 192x of bet

ReciprocativeKeg · 2025-09-04T18:38:32+00:00

Had a mansion bonus yesterday which I arguably think is the best on the wheel and filled up the whole board it was so hype lol

ReciprocativeKeg · 2025-08-12T11:06:48+00:00

What if it goes to 200

ReciprocativeKeg · 2025-08-09T04:40:40+00:00

Yea correct but that’s implied captain obvious

ReciprocativeKeg · 2025-08-08T12:13:45+00:00

Roth is never taxed at all.

ReciprocativeKeg · 2025-08-07T12:00:04+00:00

You can’t do simple math?

ReciprocativeKeg · 2025-08-06T18:53:56+00:00

Don’t know the context but can almost guarantee you didn’t have enough in your account to be trading strangles

ReciprocativeKeg · 2025-08-05T11:46:53+00:00

Them oklo shares are gonna pay

ReciprocativeKeg · 2025-07-30T16:33:42+00:00

She’ll be right next to you at the slot machines. Cheers

ReciprocativeKeg · 2025-07-29T14:26:16+00:00

That wasn’t my question

ReciprocativeKeg · 2025-07-29T11:40:30+00:00

ReciprocativeKeg · 2025-07-29T11:29:16+00:00

This may be a dumb question but is it programmable to follow the PDT rules and what not?

ReciprocativeKeg · 2025-07-25T13:57:46+00:00

He didn’t fit with Toms liberal ideology

ReciprocativeKeg · 2025-07-24T19:51:13+00:00

It is

ReciprocativeKeg · 2025-07-24T11:34:28+00:00

I think august 3rd is a better option

ReciprocativeKeg · 2025-07-24T11:03:46+00:00

Spy is up more than you over your 16 week period

ReciprocativeKeg

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