Prediction Markets Tax Benefits That May Be Built Into The Tax Code [Forbes]
DraftKings Inc. - Class A (DKNG)
Company Research
Source: Forbes
and market branding Part of the prediction market company's appeal is that it gives people the ability to wager money on sporting events even when they live in a state where legal sports gambling is not currently allowed. However, the tax code and a generous interpretation of how income from prediction market wagers should be treated for tax purposes suggest there are monetary benefits to using prediction markets for sports wagers. This article summarizes the tax treatment of prediction market wagers and how the “60/40” rule may yield significant prediction markets tax benefits for gamblers relative to traditional sports betting. Sports Gambling Tax Treatment Differs From Prediction Markets Like most other transactions involving money, making wagers using a prediction market has tax consequences. For instance, if one were to wager $550 that the Pittsburgh Steelers beat the Miami Dolphins by more than 3 points, that taxpayer would typically receive about $500 in winnings, increasin
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DKNG
News
- Kalshi's Combo Event Contracts Raise Prediction Market Stakes [Yahoo! Finance]Yahoo! Finance
- OUTKICK DELIVERS TRIPLE DIGIT YEAR OVER YEAR GROWTH ON FACEBOOK [Yahoo! Finance]Yahoo! Finance
- Why DraftKings (DKNG) Shares Are Sliding Today [Yahoo! Finance]Yahoo! Finance
- DraftKings: The Prediction Market Boogeyman [Seeking Alpha]Seeking Alpha
- Eight-Figure Jackpot Skews Michigan's November iGaming Revenue [Yahoo! Finance]Yahoo! Finance
DKNG
Earnings
- 11/6/25 - Beat
DKNG
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/5/25 - Form 4
- DKNG's page on the SEC website