5 hours ago
CoinRank
CONTENT
Coinbase's 2026 outlook highlights that the "One Big Beautiful Bill Act" (signed July 2025) will limit gambling loss deductions starting in 2026, potentially taxing bettors on "phantom" income even if they suffer net losses.
The exchange predicts this change could make prediction markets—which utilize financial derivatives rather than traditional gambling structures—a more tax-advantageous alternative to casinos and sportsbooks.
WRITER’S INTRO
