Prediction Markets May Offer Tax Loophole for Gamblers Under Trump’s Big Beautiful Bill, Coinbase Says

Prediction markets may offer tax loophole for gamblers under Trump’s Big Beautiful Bill, Coinbase says

A tax change in Trump’s Big Beautiful Bill may steer gamblers toward blockchain-based prediction markets to reduce their IRS bill, Coinbase said.

U.S. Tax Law Shift Could Accelerate Growth of Crypto Prediction Markets

A proposed change to U.S. tax rules embedded in President Donald Trumps One Big Beautiful Bill Act could significantly reshape speculative activity, potentially accelerating the adoption of blockchain-based prediction markets, according to Coinbase Institutionals Crypto Market Outlook 2026. In a report released Friday, Coinbases head of institutional research, David Duong, highlighted a provision set to take effect in 2026 that would limit how g…