Wallach added that the most likely legal fallout would come from private civil lawsuits, brought by bettors who lost money after relying on Polymarket’s misleading marketing.
—
Camila Grigera Naón,
Fortune,
23 June 2026
For sports bettors in states like Tennessee and Nevada, winnings will only be subject to federal income taxes, as the state does not levy a tax on individuals.
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