diff --git a/common/new-contract.ts b/common/new-contract.ts
index 431f435e..3580b164 100644
--- a/common/new-contract.ts
+++ b/common/new-contract.ts
@@ -12,7 +12,6 @@ import {
   visibility,
 } from './contract'
 import { User } from './user'
-import { parseTags, richTextToString } from './util/parse'
 import { removeUndefinedProps } from './util/object'
 import { JSONContent } from '@tiptap/core'
 
@@ -38,15 +37,6 @@ export function getNewContract(
   answers: string[],
   visibility: visibility
 ) {
-  const tags = parseTags(
-    [
-      question,
-      richTextToString(description),
-      ...extraTags.map((tag) => `#${tag}`),
-    ].join(' ')
-  )
-  const lowercaseTags = tags.map((tag) => tag.toLowerCase())
-
   const propsByOutcomeType =
     outcomeType === 'BINARY'
       ? getBinaryCpmmProps(initialProb, ante) // getBinaryDpmProps(initialProb, ante)
@@ -70,8 +60,8 @@ export function getNewContract(
 
     question: question.trim(),
     description,
-    tags,
-    lowercaseTags,
+    tags: [],
+    lowercaseTags: [],
     visibility,
     isResolved: false,
     createdTime: Date.now(),
diff --git a/common/util/parse.ts b/common/util/parse.ts
index 0bb26454..0c50e07d 100644
--- a/common/util/parse.ts
+++ b/common/util/parse.ts
@@ -1,4 +1,3 @@
-import { MAX_TAG_LENGTH } from '../contract'
 import { generateText, JSONContent } from '@tiptap/core'
 // Tiptap starter extensions
 import { Blockquote } from '@tiptap/extension-blockquote'
@@ -33,34 +32,6 @@ export function getUrl(text: string) {
   return results.length ? results[0].href : null
 }
 
-export function parseTags(text: string) {
-  const regex = /(?:^|\s)(?:[#][a-z0-9_]+)/gi
-  const matches = (text.match(regex) || []).map((match) =>
-    match.trim().substring(1).substring(0, MAX_TAG_LENGTH)
-  )
-  const tagSet = new Set()
-  const uniqueTags: string[] = []
-  // Keep casing of last tag.
-  matches.reverse()
-  for (const tag of matches) {
-    const lowercase = tag.toLowerCase()
-    if (!tagSet.has(lowercase)) {
-      tagSet.add(lowercase)
-      uniqueTags.push(tag)
-    }
-  }
-  uniqueTags.reverse()
-  return uniqueTags
-}
-
-export function parseWordsAsTags(text: string) {
-  const taggedText = text
-    .split(/\s+/)
-    .map((tag) => (tag.startsWith('#') ? tag : `#${tag}`))
-    .join(' ')
-  return parseTags(taggedText)
-}
-
 // TODO: fuzzy matching
 export const wordIn = (word: string, corpus: string) =>
   corpus.toLocaleLowerCase().includes(word.toLocaleLowerCase())
diff --git a/functions/src/scripts/update-contract-tags.ts b/functions/src/scripts/update-contract-tags.ts
deleted file mode 100644
index 37a2b60a..00000000
--- a/functions/src/scripts/update-contract-tags.ts
+++ /dev/null
@@ -1,46 +0,0 @@
-import * as admin from 'firebase-admin'
-import { uniq } from 'lodash'
-
-import { initAdmin } from './script-init'
-initAdmin()
-
-import { Contract } from '../../../common/contract'
-import { parseTags } from '../../../common/util/parse'
-import { getValues } from '../utils'
-
-async function updateContractTags() {
-  const firestore = admin.firestore()
-  console.log('Updating contracts tags')
-
-  const contracts = await getValues<Contract>(firestore.collection('contracts'))
-
-  console.log('Loaded', contracts.length, 'contracts')
-
-  for (const contract of contracts) {
-    const contractRef = firestore.doc(`contracts/${contract.id}`)
-
-    const tags = uniq([
-      ...parseTags(contract.question + contract.description),
-      ...(contract.tags ?? []),
-    ])
-    const lowercaseTags = tags.map((tag) => tag.toLowerCase())
-
-    console.log(
-      'Updating tags',
-      contract.slug,
-      'from',
-      contract.tags,
-      'to',
-      tags
-    )
-
-    await contractRef.update({
-      tags,
-      lowercaseTags,
-    } as Partial<Contract>)
-  }
-}
-
-if (require.main === module) {
-  updateContractTags().then(() => process.exit())
-}
diff --git a/web/components/contract/contract-description.tsx b/web/components/contract/contract-description.tsx
index 53557305..259e39df 100644
--- a/web/components/contract/contract-description.tsx
+++ b/web/components/contract/contract-description.tsx
@@ -4,7 +4,7 @@ import { useState } from 'react'
 import Textarea from 'react-expanding-textarea'
 
 import { Contract, MAX_DESCRIPTION_LENGTH } from 'common/contract'
-import { exhibitExts, parseTags } from 'common/util/parse'
+import { exhibitExts } from 'common/util/parse'
 import { useAdmin } from 'web/hooks/use-admin'
 import { useUser } from 'web/hooks/use-user'
 import { updateContract } from 'web/lib/firebase/contracts'
@@ -53,17 +53,7 @@ function RichEditContract(props: { contract: Contract; isAdmin?: boolean }) {
 
   async function saveDescription() {
     if (!editor) return
-
-    const tags = parseTags(
-      `${editor.getText()} ${contract.tags.map((tag) => `#${tag}`).join(' ')}`
-    )
-    const lowercaseTags = tags.map((tag) => tag.toLowerCase())
-
-    await updateContract(contract.id, {
-      description: editor.getJSON(),
-      tags,
-      lowercaseTags,
-    })
+    await updateContract(contract.id, { description: editor.getJSON() })
   }
 
   return editing ? (
diff --git a/web/components/linkify.tsx b/web/components/linkify.tsx
index a24ab0b6..dffaa88e 100644
--- a/web/components/linkify.tsx
+++ b/web/components/linkify.tsx
@@ -2,8 +2,7 @@ import clsx from 'clsx'
 import { Fragment } from 'react'
 import { SiteLink } from './site-link'
 
-// Return a JSX span, linkifying @username, #hashtags, and https://...
-// TODO: Use a markdown parser instead of rolling our own here.
+// Return a JSX span, linkifying @username, and https://...
 export function Linkify(props: {
   text: string
   className?: string
@@ -16,7 +15,7 @@ export function Linkify(props: {
 
   // Find instances of @username, #hashtag, and https://...
   const regex =
-    /(?:^|\s)(?:[@#][a-z0-9_]+|https?:\/\/[-A-Za-z0-9+&@#/%?=~_()|!:,.;]*[-A-Za-z0-9+&@#/%=~_|])/gi
+    /(?:^|\s)(?:@[a-z0-9_]+|https?:\/\/[-A-Za-z0-9+&@#/%?=~_()|!:,.;]*[-A-Za-z0-9+&@#/%=~_|])/gi
   const matches = text.match(regex) || []
   const links = matches.map((match) => {
     // Matches are in the form: " @username" or "https://example.com"
@@ -26,7 +25,6 @@ export function Linkify(props: {
     const href =
       {
         '@': `/${tag}`,
-        '#': `/tag/${tag}`,
       }[symbol] ?? match.trim()
 
     return (