No One Knows How to File Taxes on Prediction Market Wins

No One Knows How to File Taxes on Prediction Market Wins

How are you doing? file tax on market capitalization in advance? It seems like the kind of question any decent reporter should answer. However, it is now a conundrum for tax professionals across the country. “You have a leeway,” says Patrick Camuso, an accountant who specializes in digital assets. “It puts the taxpayer at a … Read more

Polymarket and other predictive platforms drive the oil market, traders say

Polymarket and other predictive platforms drive the oil market, traders say

Power traders say online betting platforms are directly driving the global oil market as they rely heavily on unpredictable markets to secure multi-million dollar trades. Market experts said that datafeeds from forecasting platforms such as Polymarket are used to create algorithms that influence trades in the global Brent crude futures market. Polymarket’s “extensive” use of … Read more