Denmark Prediction Market Taxes

How Denmark Taxes Prediction Markets

Denmark does not have specific legislation for prediction markets, so the tax treatment depends on how your activity is classified. Multiple approaches may be defensible.

Our calculator compares the available treatments side-by-side so you can see the exact dollar difference and make an informed decision with your tax advisor.

How to File

1. Log in to skat.dk with NemID/MitID.
2. Review your pre-completed tax return (årsopgørelse).
3. Report capital gains under aktieindkomst or kapitalindkomst.
4. Aktieindkomst rates: 27% up to DKK 61,000, 42% above.
5. Convert USD to DKK using Danish National Bank rate.
6. File by May 1.

Filing deadline: May 1

How are prediction markets taxed in Denmark?

If treated as investment income (aktieindkomst), gains are taxed at 27% up to DKK 61,000 and 42% above. If treated as other capital income, marginal rates apply.

Can I deduct losses?

Yes. Losses on aktieindkomst can offset gains in the same category. Excess losses carry forward.

What is aktieindkomst vs. kapitalindkomst?

Aktieindkomst covers share/stock income taxed at 27%/42%. Kapitalindkomst covers other investment income taxed at marginal rates. Classification of prediction markets is unclear.