Some PI User

Prediction Markets Are The Tax-Advantaged Way To Gamble On Sports Prediction markets, like Kalshi, offer a tax-advantaged way to gamble on sports. The tax benefits persist because of the current tax laws governing sports gambling.

i found an opinion from a professional about the tax status of prediction markets, which you might want to look at:
www.forbes.com/sites/nathan...

2. the tax status for prediction market income is unclear, but it doesn't count as gambling. most people treat it as ordinary income though some try various other dubious shenanigans, generally hoping trump's irs won't care

regardless it won't be affected by the 90% deduction cap

doing some research
1. the 90% deduction rule won't affect your 2025 taxes

thinking about this bc the consensus of the smart leftists i follow here is that platner is bad news but their opinion is not prevailing

the older people know from experience that you have to kick the nazis out of the bar

it frustrates me intensely as a leftist bc you're right and we're throwing

that law can outright turn a winning year to a losing one

and also force losing players to pay tax. hell, i think a monkey randomly making ML bets would have decent chance of owing some tax

fortunately for me kalshi trades count as short-term gains, not gambling income

bob said he'd leave the board if the jays won the series

i'm already yapping unfortunately

seems like the primary use of these ai videos is deception if not outright misinformation

Largest study of its kind shows AI assistants misrepresent news content 45% of the time – regardless of language or territory An intensive international study was coordinated by the European Broadcasting Union (EBU) and led by the BBC

Yet again, we can't afford to let LLMs become a source of epistemic grounding for society.

they do a lot of markets for political speeches

as well as football night games

i'm wondering if we'll see more mention for the world series

What will the announcers say during the Seattle at Toronto pro baseball game? Grand Slam - Yes 120 shares cost $70.46 (~57c average) Value up to 98c/share

@tbr78.bsky.social baseball mention is a thing now lmao

unfortunately there was no liquidity

could've gone feral on this one

billy

yeah that was basically it

you probably expected this but PI magaxxx are stalking your bsky

if you want you could make your profile sign-in to view only just to make it slightly more annoying for them

In case you don't want nonsense polluting your feed:

A picture of Nathan Drake with his attributed quote "Stealing treasure is the only way to survive in Donald Trump's America."

I was feeling like a dummy taking the Ms pregame at 54c. Feel a little better about that now.

Good day overall though. That was only -$150 and I made $1500 in the Mention Market Marathon

The NASDAQ composite index spiked in 2000 and then fell sharply as a result of the dot-com bubble.

I know it's the responsible thing to just put in a bit of income all the time but I'm afraid of the AI bubble just tanking everything.

I'm young enough that if I invest and my investment falls 50% I can recover eventually but the bubble popping feels like a question of when, not if.

BillyBaroo: FYI- I'm the new Priest at the New Presbyterian Church of Owning Libs. Please refer to me as Reverend Billy going forward. Rev. Dr. Bozo: once again I've outdone you

it's a shame PI is turning into a shithole bc the place was compatible with my sense of humor and i'm not sure of anywhere that's quite the same

making $100K is not the worst problem to have

The pivot from “I’m building god” to “I’m building a jerkoff tool” is pretty funny

I'm quite sure that those Hitler-loving college Republicans are my counterparties on my Kalshi bets, which is why I don't feel bad about robbing them blind.

my real money tonight is in nfl mention

nfl game result cooked me but announcer mention has been great

I'm tailing on the Dodgers. Missed both ALCS picks bc my brain wasn't at it's best and I figured I shouldn't gamble in such a state, since ultimately I am responsible for whatever choices I make.

The 3 picks of yours this postseason I did use all worked. Hopefully it'll be 4.

Just a reminder that Wikipedia is the only remaining reliable source of information that right wing billionaires can't control. (Although they'll never stop trying.)

Please donate to them whenever you can. Even a little bit helps.

en.wikipedia.org/wiki/Main_Page

I, like will, tailed. I got 39c which works out to +156 when the maker fees (fuck off kalshi) are accounted for. But I didn't follow the game because I had something else to do. Do you think your original bet is +EV and no cashout means reduce size, or should it not be made at all?

I don't have much experience with runline- why does it make sense to cash out?

Who will win the Nobel Peace Prize No: Donald Trump Odds: 95% chance Cost: $12199.89 Paid out: $12889

Who will win the Nobel Peace Prize? No: Elon Musk Odds: 99% chance Cost: $815.76 Paid out: $824

Haters will say it was -EV!

Apparently it was at 13c at one point

I didn't realize the announcement was this soon or I'd have bought N right then.

I settled for 95c Ns, which is fine bc it's free money.

A table of Kalshi bet returns Philadelphia vs Los Angeles D Series Exact Result Total: -$536.86 LAD Win 3-1: -$630.40 LAD Win 3-2: +$47.94 PHI Win 3-2: +$45.60

A Kalshi bet return card Philadelphia at Los Angeles D Odds 56% chance Cost: $955.36 Payout: $1706

I wound up hedging pregame bc the dumb fills I got on LAD Win 3-1 N I was telling you about earlier could be directly arbed with the main market.

Outside of baseball, I'm making a big bet that Trump will not win the Nobel Peace Prize.

yeah any time the big sportsbooks take down their odds for a bet the pricing can get irrational bc the price is usually being set by bots that are just checking the book odds

when they turn off you get 10 cent spreads and can get filled by drunk frat boys who won't balk at that