How do they work? How are they taxed and regulated? Poole scholars explain.
Finance
Insider trading is hard to prove in the securities sector and harder to apply to prediction markets, Poole scholars write.
Accounting
Prediction markets function similarly to gambling apps and websites. But a regulatory wrinkle means they’re taxed very differently.
Issues and Insights
Prediction markets inform and entertain. Poole scholar Richard Warr explains how they work and what they mean to the economy.
August 14, 2026
The Poole College finance professor and associate dean says prediction markets should be seen as entertainment rather than an investment.
August 06, 2026
The Poole College finance professor and associate dean believes prediction markets will stay part of election narratives going forward.
August 04, 2026
The Poole College accounting expert says that North Carolina’s recent prediction market regulation might set a standard.
July 27, 2026
The Poole College accounting professor says that converging state laws on prediction market winnings will make the IRS’s job more complicated.
July 14, 2026
The Poole College accounting professor explained how wagers on prediction markets aren’t necessarily considered ‘bets.’
July 01, 2026
The Poole College accounting professor addresses legislation about gambling and prediction market taxes.
June 09, 2026
The Poole College finance expert and associate dean explained that up-to-date trading might affect voter behavior in elections.
April 28, 2026
The Poole finance expert explained issues with regulation and reputation on sites like Polymarket and Kalshi.
The Poole finance expert discusses the issue after a solider was charged with using classified information to profit on Polymarket.
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