Robinhood event contracts and taxes
If you trade event contracts inside Robinhood, the tax picture surprises people: these are not handled like your Robinhood stock trades. Here is what to expect.
This is educational, not advice. The underlying treatment question is the same unsettled one that applies to Kalshi.
Your trades route through Kalshi
Robinhood's event contracts are executed on Kalshi's exchange. So even though you placed them in the Robinhood app, the underlying activity is the same event-contract trading that Kalshi's rules cover.
What Robinhood sends (and doesn't)
Robinhood has stated it will not issue 1099s for event-contract trades. Instead, traders generally receive an Event Contracts Annual Statement summarizing the activity, rather than a standard broker tax form.
That statement is a starting point, not a finished tax document. As elsewhere, you are responsible for reporting the income correctly.
The treatment question is the same
Because the trades are Kalshi event contracts, the same unsettled debate applies: ordinary income, the contested Section 1256 position, or gambling. The decision belongs with you and your advisor.
Where ContractTax fits
ContractTax can turn your event-contract activity into clean P&L and tax figures under each treatment, giving you the numbers the annual statement leaves you to work out.