What is Form 1099-DA and does it affect crypto gambling?

Form 1099-DA is a new IRS tax form that US crypto exchanges must issue starting in 2026. It reports digital asset transaction proceeds to both the taxpayer and the IRS. While offshore crypto casinos do not issue this form, any movement of crypto between a US exchange and a gambling site will appear on the exchange's 1099-DA. This makes it harder to avoid reporting crypto gambling activity. The form covers gross proceeds but may not include complete cost basis information for 2025 transactions.