i found an opinion from a professional about the tax status of prediction markets, which you might want to look at:
www.forbes.com/sites/nathan...

2. the tax status for prediction market income is unclear, but it doesn't count as gambling. most people treat it as ordinary income though some try various other dubious shenanigans, generally hoping trump's irs won't care

regardless it won't be affected by the 90% deduction cap

doing some research
1. the 90% deduction rule won't affect your 2025 taxes

thinking about this bc the consensus of the smart leftists i follow here is that platner is bad news but their opinion is not prevailing

the older people know from experience that you have to kick the nazis out of the bar

it frustrates me intensely as a leftist bc you're right and we're throwing

that law can outright turn a winning year to a losing one

and also force losing players to pay tax. hell, i think a monkey randomly making ML bets would have decent chance of owing some tax

fortunately for me kalshi trades count as short-term gains, not gambling income

bob said he'd leave the board if the jays won the series

i'm already yapping unfortunately

they do a lot of markets for political speeches

as well as football night games

i'm wondering if we'll see more mention for the world series

billy

yeah that was basically it

you probably expected this but PI magaxxx are stalking your bsky

if you want you could make your profile sign-in to view only just to make it slightly more annoying for them

I was feeling like a dummy taking the Ms pregame at 54c. Feel a little better about that now.

Good day overall though. That was only -$150 and I made $1500 in the Mention Market Marathon

I know it's the responsible thing to just put in a bit of income all the time but I'm afraid of the AI bubble just tanking everything.

I'm young enough that if I invest and my investment falls 50% I can recover eventually but the bubble popping feels like a question of when, not if.

making $100K is not the worst problem to have

my real money tonight is in nfl mention

nfl game result cooked me but announcer mention has been great

I'm tailing on the Dodgers. Missed both ALCS picks bc my brain wasn't at it's best and I figured I shouldn't gamble in such a state, since ultimately I am responsible for whatever choices I make.

The 3 picks of yours this postseason I did use all worked. Hopefully it'll be 4.