It’s not true that you can’t pay negative taxes on your betting market losses, at least if you are someone who uses prediction markets routinely. You are allowed to deduct your gross gambling losses from your gambling gains, and you only pay tax on the net gain. Seehttps://www.irs.gov/pub/irs-news/at-02-53.pdf.
It’s not true that you can’t pay negative taxes on your betting market losses, at least if you are someone who uses prediction markets routinely. You are allowed to deduct your gross gambling losses from your gambling gains, and you only pay tax on the net gain. See https://www.irs.gov/pub/irs-news/at-02-53.pdf.