{
  "id": 16704767,
  "title": "Prediction Markets Should Be Taxed as Gambling, NYU Experts Say",
  "url": "https://urgent.news/2026/10/27/prediction-markets-should-be-taxed-as-gambling-nyu-experts-say",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T04:01:00.000Z",
  "source": {
    "name": "Sportico",
    "slug": "sportico",
    "url": "https://www.sportico.com/law/analysis/2026/sports-prediction-markets-taxes-betting-1234956472/"
  },
  "original_language": "en",
  "account": null,
  "summary": "As federal appeals courts reach conflicting decisions about whether sports event contracts traded on prediction market platforms can be regulated under states’ gambling laws, a group of experts at NYU School of Law’s Tax Law Center says these contracts should face the same federal tax rules that apply to sports gambling. The study, “Are Sports […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}