How event contracts are taxed

This is the one cluster where being wrong causes real harm, so it carries the highest accuracy bar on the site. What each venue sends you is published, from its own tax documentation. What you owe is not, until a named CPA has reviewed it.

What each venue reports, and on what form

1099-MISC, 1099-B or nothing at all: it differs by venue, and that difference is the whole page.

VENUEFORMTHRESHOLDSTATUS

KalshiFOUR 1099sIRS DEFAULTSSOURCED

PolymarketWITHHELDWITHHELD0 SOURCES

Novig1099-MISC$2,000SOURCED

PredictIt1099$600 NETSOURCED

Sub-pages in this cluster

Which forms each venue sends

Can you deduct losses?

NOT PUBLISHED

Section 1256 or ordinary income?

NOT PUBLISHED

PredictIt's 2026 change to net profit

/fees/predictit/ · CROSS-LINK

Publishing gate. The forms page is live because it only reports what each venue says it sends. Anything about what you owe waits for a named CPA reviewer and stays unpublished until then.

Support level

PAGES LIVE

1 / 4

Every other cluster on the site is fully published. This one is the exception, and the meter is shown to readers rather than hidden.

MPU · 300×250