Even the tax expert who won big betting against DOGE on Kalshi is still figuring out how to file his taxes

Prediction markets betting has its own uncertainty: Taxes.

Michael Bocchieri/Getty Images; BRENDAN SMIALOWSKI/AFP via Getty Images

• Alan Cole is a tax expert who says he won big betting against DOGE on Kalshi.
• The IRS has been silent on prediction markets, and Cole told BI guidance would be appreciated.
• Experts said there are a few ways things could shake out.

Even tax nerds are stumped by prediction markets.

Take Alan Cole. The 37-year-old senior economist...