Topic
cryptocurrency platforms
2 stories related to this topic, newest first.
Substrate placeholder — needs reviewworld75 days ago
Polymarket Sees Over $170 Million in Bets on US-Iran Ceasefire, Drawing Scrutiny on Inside Information
Prediction market platform Polymarket has processed more than $170 million in bets on a potential ceasefire between the United States and Iran. This volume marks one of the largest geopolitical wagers in the platform's history. The activity has prompted increased examination of p…
BU
Substrate placeholder — needs reviewbusiness76 days ago
US Taxpayers Face Uncertainty in Reporting Prediction Market Winnings to IRS
Prediction markets such as Kalshi and Polymarket saw increased use in 2023, leading to questions about tax reporting for gains. The IRS has not issued specific guidelines, leaving users to apply rules from gambling, derivatives, or income categories. Platforms report varying leve…