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World Cup bets on prediction markets may get tax edge over gambling
Treating prediction market bets like investments allows taxpayers to fully deduct losses and, under the most aggressive strategy, apply a lower tax rate.
Source Fortune AI Summary Updated 3h 11m ago
Business & Economy 
Story intelligence Beta
Freshness Fresh Updated 3h 11m ago
Confidence Limited Single-outlet story
Coverage Single outlet
Views 1 Community interest
Read time 1 min ~23 words
AI Summary
Treating prediction market bets like investments allows taxpayers to fully deduct losses and, under the most aggressive strategy, apply a lower tax rate.
Read full article on FortuneAI summaries can be wrong sometimes—always verify important details using the source article.
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