Prediction Market Taxes 2026: The IRS Still Won’t Answer
Halfway through 2026 the IRS still has not said how prediction market winnings are taxed, leaving traders with three defensible answers.
From the Desk · Gaming Intelligence
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Halfway through 2026 the IRS still has not said how prediction market winnings are taxed, leaving traders with three defensible answers.
Fauci takes the Fifth 100+ times after diary release as contempt and prediction odds swirl.
Jacqueline Davis turned a $50 BetMGM deposit into a $3.29M displayed balance before the freeze.
Wisconsin says betting on an election you then vote in is a felony, escalating its prediction-market…
Gaming lawyer Daniel Wallach says the word facial appears once in the 27-page bill Kalshi endorsed.…
Twelve Senate Democrats want sports and casino-style event contracts banned in the CLARITY Act. Then leadership…
A convicted fraudster's Polymarket account took nearly $9M from unknown wallets and bet it all on…
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Browse every report →Plain-English guides to how the games actually work — from first principles to advanced strategy.
Browse all guides18 red · 18 black · 1 zero
EV = 18/37 − 19/37 = −1/37 → −2.7027%
The zero is the price. A symmetrical-looking ±1-unit wager, negative expectation, same advertised 1:1 payout.
House edgeEUR 2.70%SLOT 4%AMER 5.26%
Crypto vs traditional casino bonuses: the 25x break-even rule, rakeback's $10,000 gate, and the volatility that moves a bonus's value.
How the Kelly Criterion sizes bets from your edge: the formula, devigging, worked examples, and why fractional Kelly wins.
How crash games work: the rising-multiplier loop, the odds formula, provably-fair verification, and what an hour of Aviator really costs.
An eight-step checklist to verify a casino's license, spot fake seals, and get paid if it goes wrong.
How to play Jacks or Better: read the pay tables, learn optimal holds, and cut the house edge to 0.46%.
A new industry-funded study estimates US users traded up to $34 billion on banned offshore prediction markets despite the CFTC ban.
P(A) = n(A) / n(Ω) · Σpᵢ = 1
Count mutually exclusive, collectively exhaustive outcomes.
RTP = Σpᵢrᵢ · EV = RTP − 1
RTP locates the mean; variance describes the path.
f* = (bp − q) / b · σ² = Σp(x − μ)²
Kelly sizes a genuine edge; it cannot manufacture one.
commit = SHA-256(seed) · HMAC-SHA256(seed, client:nonce)
Digital games only — recompute the draw yourself.
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Nevada made its first arrest in the Fresno State betting scandal, filing fraud and money-laundering charges with more suspects to come.
The CFTC's proposed sports prediction market rules would let Kalshi keep most bets — but 38 states are fighting back.
Analysts project $60 billion in global wagers on the 2026 World Cup — the biggest betting event ever staged.
Bet college football smarter with CFB-specific strategies for spreads, futures, conference angles, bowl games, and the 12-team playoff.
Learn how to bet on CS2, League of Legends, and Dota 2 with game-specific markets, bet types, and strategies.
Learn how futures betting works, from championship winners to MVP awards. Strategies for timing, hedging, and bankroll management.
Hands-on reviews with the real numbers — RTP, volatility, hit frequency and max win — not the marketing sheet.

Wanted Dead or a Wild from Hacksaw Gaming features DuelReels™ multiplier duels up to 100x, three volatile bonuses, and 12,500x max win in a dark Wild West setting.

Play Chaos Crew 3 by Hacksaw Gaming with punk-rock characters, stacking multipliers, and 30,000x max win.

Jumping Wilds reach 512x multipliers while Razor Splits double symbols. 200,000x max win on insane (12/10) volatility.

Sweet Bonanza 1000 boosts multiplier bombs to 1,000x—ten times the original's cap—with a 25,000x max win.

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