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Cryptocurrency adoption in Latin America grew three times faster than in the United States in 2025, according to a new report. The findings highlight a region that is increasingly becoming one of the most dynamic crypto markets in the world, driven by a unique combination of economic pressures, payment needs, and a young, digitally connected population.
Summ now supports Kalshi, MegaETH, CoinRabbit, and WhiteBIT. Import your prediction market trades, Layer 2 transactions, lending activity, and exchange data for complete tax reporting.
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Prediction markets are platforms where you buy and sell contracts tied to real-world outcomes. Each contract pays $1 if the event happens, $0 if it doesn't. The price at any point reflects what the market thinks the odds are.
A step-by-step guide to transferring your crypto Form 1099-DA data to IRS Form 8949, including how to handle missing cost basis, choose the right checkboxes, and avoid common mistakes.
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Swapping one crypto for another is a taxable event, and you will need to work out the USD value of your capital gain or loss to report on your taxes.