Guides
Guides tax guides
Precise, sourced explanations of how Polymarket, Kalshi and Hyperliquid activity is reported, with worked examples.
Guides·8 min read
Are Prediction Market Winnings Taxable? How Polymarket, Kalshi and Event Contracts Are Taxed
Yes, prediction market winnings are taxable in the US. What's unsettled is how: other income, capital gains, Section 1256 or gambling. Explained.
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Guides·7 min read
Form 1099-DA Explained for Polymarket and Hyperliquid Users
Who sends a 1099-DA, what it shows for 2025 and 2026, why Polymarket and Hyperliquid don't, and how to square it with your prediction-market P&L.
Updated Oct 22, 2026
Guides·6 min read
How to Report Prediction-Market Trades on Form 8949
Worked Form 8949 rows for Polymarket, Kalshi and Hyperliquid trades under capital treatment: dates, proceeds, basis, fees, worthless positions, boxes.
Updated Oct 22, 2026
Guides·5 min read
Kalshi and Polymarket in TurboTax: Where Prediction-Market Results Go
How to enter Kalshi and Polymarket results in TurboTax under each treatment: Form 8949, Form 6781, other income or gambling. What to prepare first.
Updated Oct 22, 2026
Guides·5 min read
Kalshi Taxes in California, Texas and Other States: Prediction Market State Taxes
Kalshi taxes in California, Texas and beyond: how states tax prediction market gains, why the federal 90% gambling rule may not apply, and what to check.
Updated Oct 22, 2026
Guides·6 min read
Prediction Market Tax Calculator: Estimate Your Tax Under Each Treatment
Estimate Polymarket, Kalshi or Hyperliquid taxes under every treatment: other income, capital, Section 1256 and gambling with the 90% limit.
Updated Oct 22, 2026
Guides·5 min read
Robinhood Prediction Market Taxes: No 1099, Now What?
Robinhood says it doesn't issue a 1099 for event contracts. How prediction market gains and losses can be reported, with examples and 2026 loss rules.
Updated Oct 22, 2026