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Sports Prediction Markets taxed as gambling?

A politics market asking if sports prediction markets will be officially classified and taxed as gambling in the US.

Politics

Volume

$0

Traders

0

Status

active

Closes

May 1

Price History

Real-time YES/NO price movements

No price history available yet

Current Probabilities
YES10%

$0.10

NO90%

$0.90

Resolves based on federal or state tax legislation changes.

Place Trade

Outcome

Cost$0.10
Fee (2%)$0.00
Total Cost$0.10

• Market closes 5/1/2027

• You can sell your shares anytime before market closes

• Settlement happens upon market resolution