According to Coinbase, prediction markets could potentially provide a tax loophole for gamblers within the framework of Trump's comprehensive legislative proposal, often referred to as the Big Beautiful Bill. This suggests that individuals engaged in gambling activities might find advantageous tax provisions or exemptions specifically related to their transactions in prediction markets, which are platforms that allow users to bet on the outcome of various events.
source: https://www.coindesk.com/markets/2025/12/19/prediction-markets-may-offer-tax-loophole-for-gamblers-under-trump-s-crypto-law-coinbase-says