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Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

Made Money on a Prediction Market? California Says It Is Still Taxable Even Without a 1099

by Sara Raby | Aug 27, 2026 | blog, Corporate Tax Services, Life Sciences Tax, Tax Credits, Technology Tax

Prediction markets have moved quickly from a niche trading activity into the mainstream. These markets are exchange-based platforms where individuals buy and sell contracts tied to the outcome of a future event—such as election results, inflation reports, Federal...

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