# Internal Revenue Service (IRS)

Type: organization

Source: Crypto Intelligence Brief — https://getcryptobrief.com/entity/internal-revenue-service-irs
Canonical HTML page: https://getcryptobrief.com/entity/internal-revenue-service-irs

## Recent coverage (1 stories)

### Crypto Prediction Markets Offer 60/40 Tax Break for World Cup Bets—IRS Silent
2026-07-13 16:32:17 · Sentiment: Bullish · Impact: 6/10 · Sources: 2

Decentralized prediction markets like Polymarket, powered by smart contracts, may give World Cup bettors access to Section 1256 tax treatment, slashing rates to 60/40 long-term/short-term capital gains. This untested tax strategy emerges as the crypto industry remains under regulatory scanner.
Full story: https://getcryptobrief.com/story/crypto-prediction-markets-tax-advantage-world-cup

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