{"id":35748,"date":"2026-07-14T15:15:13","date_gmt":"2026-07-14T19:15:13","guid":{"rendered":"https:\/\/poole.ncsu.edu\/thought-leadership\/?p=35748"},"modified":"2026-07-14T15:16:24","modified_gmt":"2026-07-14T19:16:24","slug":"nathan-goldman-weighs-in-on-world-cup-wagering-taxes-for-bloomberg","status":"publish","type":"post","link":"https:\/\/poole.ncsu.edu\/thought-leadership\/article\/nathan-goldman-weighs-in-on-world-cup-wagering-taxes-for-bloomberg\/","title":{"rendered":"Nathan Goldman Weighs in on World Cup Wagering Taxes for Bloomberg"},"content":{"rendered":"\n\n\n\n\n

The World Cup, as is typical of any sporting event, has seen a flurry of gambling on games. What\u2019s less typical is the amount of trading on prediction markets, the new platforms that let users wager on almost anything. As debate continues around the markets, and as legislation and legal cases work their way through their respective systems, bettors weigh the pros and cons of using traditional sportsbooks or prediction markets.

Bloomberg published an article explaining that prediction market wagers might have tax advantages over sportsbooks. Since wagers on prediction markets are functionally event contracts, there\u2019s a possibility for high loss deductions and\/or less tax on winnings. They spoke to several experts for clarity, including Nathan Goldman<\/a>, the Dean\u2019s Professor of Accounting at Poole College and a CPA. \u201cThese are no longer sports bets,\u201d he says, noting CFTC regulation, contract structure and the specific tax forms used.<\/p>\n\n\n\n

Read the full story on Bloomberg\u2019s website<\/a>. The story was also shared on Fortune\u2019s website<\/a> and syndicated to Yahoo Finance<\/a>.<\/p>\n\n\n\n

<\/p>\n","protected":false,"raw":"\n\n\n\n\n

The World Cup, as is typical of any sporting event, has seen a flurry of gambling on games. What\u2019s less typical is the amount of trading on prediction markets, the new platforms that let users wager on almost anything. As debate continues around the markets, and as legislation and legal cases work their way through their respective systems, bettors weigh the pros and cons of using traditional sportsbooks or prediction markets.

Bloomberg published an article explaining that prediction market wagers might have tax advantages over sportsbooks. Since wagers on prediction markets are functionally event contracts, there\u2019s a possibility for high loss deductions and\/or less tax on winnings. They spoke to several experts for clarity, including Nathan Goldman<\/a>, the Dean\u2019s Professor of Accounting at Poole College and a CPA. \u201cThese are no longer sports bets,\u201d he says, noting CFTC regulation, contract structure and the specific tax forms used.<\/p>\n\n\n\n

Read the full story on Bloomberg\u2019s website<\/a>. The story was also shared on Fortune\u2019s website<\/a> and syndicated to Yahoo Finance<\/a>.<\/p>\n\n\n\n

<\/p>\n"},"excerpt":{"rendered":"

The Poole College accounting professor explained how wagers on prediction markets aren’t necessarily considered ‘bets.’<\/p>\n","protected":false},"author":39405,"featured_media":33564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"","ncst_dynamicHeaderData":"{\"displayCategoryID\":170,\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false,\"subtitle\":\"The Poole College accounting professor explained how wagers on prediction markets aren't necessarily considered 'bets.'\"}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[638,170,77],"tags":[92,327,540,679,167,739],"_ncst_magazine_issue":[],"series":[],"class_list":["post-35748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-in-the-news","category-newswire","tag-accounting","tag-in-the-news","tag-nathan-goldman","tag-prediction-markets","tag-tax","tag-world-cup"],"displayCategory":{"term_id":170,"name":"In the News","slug":"in-the-news","term_group":0,"term_taxonomy_id":170,"taxonomy":"category","description":"","parent":0,"count":393,"filter":"raw"},"acf":{"ncst_posts_meta_modified_date":null},"_links":{"self":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/35748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/users\/39405"}],"replies":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/comments?post=35748"}],"version-history":[{"count":4,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/35748\/revisions"}],"predecessor-version":[{"id":35752,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/35748\/revisions\/35752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media\/33564"}],"wp:attachment":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media?parent=35748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/categories?post=35748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/tags?post=35748"},{"taxonomy":"_ncst_magazine_issue","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/_ncst_magazine_issue?post=35748"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/series?post=35748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}