Hi there, I have been dabbling with Polymarket and I have been winning some money on it. Does it count as gambling where the winnings are not taxed (so as long as this isn't my profession), or given the crypto nature, it will always be counted as an income from CGT?
Discussed earlier this year in the following ATO Community page, @mushi333 .
https://community.ato.gov.au/s/question/a0JRF0000034vkL/p00365489
I'd suggested the recommendation to seek a private ruling is more than relevant in your case.
Discussed earlier this year in the following ATO Community page, @mushi333 .
https://community.ato.gov.au/s/question/a0JRF0000034vkL/p00365489
I'd suggested the recommendation to seek a private ruling is more than relevant in your case.
15 Apr 2026 · 4 min read time
15 Apr 2026 · 8 min read time
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