# Event Contracts

Type: financial_product

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/event-contracts-financialproduct
Canonical HTML page: https://getlegalbrief.com/entity/event-contracts-financialproduct

## Recent coverage (1 stories)

### IRS Silence Creates 20% Tax Rate Gap for World Cup Prediction Market Bets
2026-07-13 16:32:34 · Sentiment: Positive · Impact: 6/10 · Sources: 2

The IRS has not clarified whether prediction market contracts are gambling or investments, leaving bettors on platforms like Kalshi facing potential capital gains rates instead of up to 37% ordinary income tax. Legal experts warn that aggressive positions risk IRS challenge under substance-over-form doctrine.
Full story: https://getlegalbrief.com/story/irs-silence-tax-gap-prediction-markets-legal

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