Ireland Prediction Market Taxes

How Ireland Taxes Prediction Markets

Ireland 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 ROS (Revenue Online Service) at revenue.ie.
2. Report capital gains in the CGT section of your Form 11.
3. Annual exemption of €1,270 per person applies.
4. CGT rate is 33% on gains above the exemption.
5. Convert USD to EUR at ECB rate on settlement date.
6. Preliminary CGT due by December 15; balance by October 31.

Filing deadline: October 31

How are prediction markets taxed in Ireland?

If treated as capital gains, the rate is 33% with an annual exemption of €1,270. If treated as gambling, winnings are tax-free for recreational bettors.

What is the €1,270 exemption?

Each individual has an annual CGT exemption of €1,270. Only gains above this amount are taxed at 33%.

Are gambling winnings tax-free in Ireland?

Generally yes, for recreational gamblers. Revenue does not tax casual gambling winnings. However, if your activity is systematic or business-like, it may be taxable.