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Analysis compares prediction markets with sports betting on structure, cost, scope and tax
- Analysis compares prediction markets with sports betting on structure, cost, scope and tax — A new comparison from Nika Finance outlines how prediction markets differ from sportsbooks: traders trade with other users rather than against a house, event contracts sit under CFTC oversight in the U.S. while sports betting is licensed state by state, and the tax treatment of event contracts remains unsettled with no IRS guidance specific to them. (Nika Finance)
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