The Hidden Tax Battle Behind America’s $50B Prediction Markets Boom [Forbes]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Forbes
... More SOPA Images/LightRocket via Getty Images Prediction markets have taken the U.S. by storm with over $50 billion in trading volume in 2025 alone. However, a significant amount of their predictions comes from sports-related wagers, which just so happen to resemble a sports bet on the outcome of the game. While it may seem trivial to a user as to whether it matters if they bet on the College Football Championship game via a sports betting app like FanDuel and DraftKings or a prediction market app like Kalshi, Polymarket, and Underdog, there are important tax and non-tax differences that are leading to legal battles throughout the country. Key Tax And Non-Tax Differences Between Prediction Markets And Sportsbooks When it comes down to disentangling these two providers for sports wagers, a key difference between the two is where you can use them. Prediction markets are governed by the Commodity Futures Trading Commission, which is a U.S. Federal regulator, meaning that it
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DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 1/16/26 - Form SCHEDULE
- 1/5/26 - Form 4
- 12/11/25 - Form 4
- DKNG's page on the SEC website