Spain Prediction Market Taxes

How Spain Taxes Prediction Markets

Prediction market gains in Spain are subject to income tax. Use our calculator to determine your exact tax liability.

How to File

1. Log in to Renta Web at sede.agenciatributaria.gob.es.
2. Report gains under "Rendimientos del capital mobiliario" (savings income).
3. Savings income is taxed at progressive rates (19%–28%).
4. Losses can offset gains in the same category.
5. Convert USD to EUR at ECB rate on settlement date.
6. File by June 30.

Filing deadline: June 30

How are prediction markets taxed in Spain?

Gains are taxed as savings income (rentas del ahorro) at progressive rates: 19% on the first €6,000, 21% up to €50,000, 23% up to €200,000, 27% up to €300,000, and 28% above.

Can I deduct losses?

Yes. Losses from prediction markets can offset capital gains in the same savings income category. Unused losses carry forward for up to 4 years.

Is there a tax-free allowance?

No specific exemption for savings income. The first euro of gains is taxable at 19%.