$GUA Prediction Markets About to Explode! đ€Ż
đșđž Prediction markets are poised for a massive surge â potentially hitting $1INCH TRILLION by 2030, according to CNBC. Platforms like Robinhood, DraftKings, and Polymarket are fueling this growth. đ
But here's the catch: the IRS is nowhere near ready. Gains are currently a tax nightmare, potentially classified as capital assets, gambling income, *or* futures contracts. đŹ
Experts say meticulous record-keeping is crucial. Self-reporting and tracking losses are a MUST. Be prepared for amended returns when (not if) the feds finally clarify the rules. This is a wild west situation â proceed with caution!
#PredictionMarkets #DeFi #TaxSeason #GUA đ°
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