How are binary options taxed

[StevenL]

Does anyone know anything about binary options and how they are taxed? Would you consider it regular income, gambling income or capital gains? Some one asked me about this and I had never it heard of it. I did some research but couldn't find anything conclusive as to how it should be taxed.

 

Thanks for your help. I greatly appreciate it.

[JRS]

This the best I could find:

 

http://www.binaryex.com/taxes-on-binary-option-trading-profits/

 

http://en.wikipedia.org/wiki/Binary_option