Prediction Markets

How Are Prediction Market Winnings Taxed?

Prediction markets are growing fast - and so are questions about how the IRS sees your winnings. We break down how they’re taxed and why it matters.

Mar 23, 2026

What is BettingScanner?

BettingScanner helps you find the best legal ways to bet - based on where you live and how you like to play. We cover everything from licensed sportsbooks to sweepstakes apps, DFS sites, and prediction markets to show you what’s legal, what’s smart, and what’s right for you.

Responsible Gambling

You must be at least 21+ years old to gamble online.

Please gamble responsibly. If you or someone you know has a gambling problem, you can access crisis counseling and seek help by calling 1-800-GAMBLER or 1-800-MY-RESET (National), 1-800-NEXT-STEP (AZ), 1-800-522-4700 (CO), 1-888-789-7777 (CT), 1-800-9-WITH-IT (IN), 1-800-BETS-OFF (IA), 1-800-522-4700 (KS), 1-877-770-STOP (LA), 1-800-327-5050 (MA), 1-877-8-HOPENY (NY), 1-877-718-5543 (NC), 1-800-889-9789 (TN) or 1-888-532-3500 (VA), or visit https://www.ncpgambling.org/.