Norway Prediction Market Taxes

How Norway Taxes Prediction Markets

In Norway, prediction market gains are taxed at a 22.00% rate. Losses can offset gains.

Report through Skatteetaten. Filing deadline: April 30.

22.00%

Flat rate on net gains

How to File

1. Log in to Skatteetaten (skatteetaten.no) with BankID.
2. Review your pre-filled tax return (skattemelding).
3. Report capital gains under "Aksjegevinst" or "Annen kapitalinntekt".
4. Flat 22% tax on net capital gains.
5. Convert USD to NOK using Norges Bank rate on settlement date.
6. Submit by April 30.

Filing deadline: April 30

How are prediction markets taxed in Norway?

Capital gains are taxed as capital income (kapitalinntekt) at a flat 22% rate. Losses are deductible against other capital income.

Can I deduct losses?

Yes. Capital losses can be deducted against other capital income, including interest, dividends, and other gains.

Is there a tax-free allowance?

For shares, the skjermingsfradrag (shielding deduction) provides a small tax-free return. It is unclear if this applies to prediction market positions.