Guides
Polymarket tax guides
Precise, sourced explanations of how Polymarket, Kalshi and Hyperliquid activity is reported, with worked examples.
Polymarket·4 min read
Are Polymarket Losses Tax Deductible? What Happens If You Lost Overall
Lost money on Polymarket? Whether the loss is deductible depends on the treatment: capital, gambling (90% cap from 2026) or other income. Worked examples.
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Polymarket·5 min read
Polymarket 1099: Does Polymarket Send Tax Forms?
Does Polymarket send a 1099? The international exchange doesn't. What Polymarket US may send, and how to report your trades without a form.
Updated Oct 22, 2026
Polymarket·5 min read
Polymarket Fees and Taxes: How Taker Fees Change Your Gain or Loss
Polymarket taker fees reduce your taxable gain under every treatment, but where they go differs. Formula, worked example, and how gas and bridge fees fit.
Updated Oct 22, 2026
Polymarket·5 min read
Polymarket Taxes With Multiple Wallets: Proxy Wallets, Transfers and Basis
Trading Polymarket from several wallets? Which address to use, why transfers between your own wallets aren't taxable, and how per-wallet basis works.
Updated Oct 22, 2026
Polymarket·10 min read
Polymarket Taxes: The Complete Guide (2026)
Do you pay taxes on Polymarket? Yes. How trades, redemptions, rewards and USDC are taxed, the four possible treatments, and a worked example for 2026.
Updated Oct 22, 2026
Polymarket·5 min read
Polymarket Unredeemed Losing Positions: How They Affect Your Taxes
Never redeemed your losing Polymarket shares? Most tools then miss the loss and overstate your gains. How to find them, date them and treat them for taxes.
Updated Oct 22, 2026
Polymarket·5 min read
Won Big on Polymarket? How Polymarket Winnings Are Taxed
Polymarket winnings tax for a big year: a $250k example under each treatment, estimated payments and safe harbors, state tax and records to keep.
Updated Oct 22, 2026