Sports Prediction Markets taxed as gambling?

Polymarket traders put "Sports Prediction Markets taxed as gambling?" at 9.5%. It resolves on Apr 16.

Most likely right now
Sports Prediction Markets taxed as gambling?
10%
PoliticsVol -Total volume $44KLiquidity $3.2KComments 5in 8 months (Apr 16)
Current probability

Aug 25 · right column is the 24-hour change (pp)

0%50%100%
Sports Prediction Markets taxed as gambling?
9.50%

Probability over time

Only one day recorded so far. We record once each morning, so the line starts tomorrow.

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Probabilities are Polymarket trade prices, formed by participants betting real money. They are not official forecasts and are a poor basis for investment decisions.