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Sports betting & prediction market policy wonk

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American Gaming Association rep says sports on prediction markets is costing states “a fortune in lost tax revenue” but the data does not show that. Data shows steady growth for state-based casinos & sports betting, as a whole.

American Gaming Association rep says sports on prediction markets is costing states “a fortune in lost tax revenue” but the data does not show that. Data shows steady growth for state-based casinos & sports betting, as a whole.

156,755 Aufrufe

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This is wild. DraftKings must pay a Massachusetts bettor $923k after the Gaming Commission unanimously denied a request to void a series of connected bets. The result of a single mistake made by a trader.

This is wild. DraftKings must pay a Massachusetts bettor $923k after the Gaming Commission unanimously denied a request to void a series of connected bets. The result of a single mistake made by a trader.

5,737,049 Aufrufe • vor 8 Monaten

Robinhood announces it is adding player props & parlays

Robinhood announces it is adding player props & parlays

2,426,953 Aufrufe • vor 8 Monaten

Being a Kalshi lawyer is hard, part 2

Being a Kalshi lawyer is hard, part 2

100,563 Aufrufe • vor 3 Monaten

Gambling tax change is one of the top tax stories to start 2026. Getting decent news coverage…like this story in Charlotte, NC.

Gambling tax change is one of the top tax stories to start 2026. Getting decent news coverage…like this story in Charlotte, NC.

182,003 Aufrufe • vor 7 Monaten

IRS guy actually giggles at the end of this clip while saying that, starting this year, some gamblers will now owe tax on money they didn’t earn

IRS guy actually giggles at the end of this clip while saying that, starting this year, some gamblers will now owe tax on money they didn’t earn

103,573 Aufrufe • vor 5 Monaten

Massachusetts unanimously approved a regulation that requires sportsbooks to notify bettors within 48 hours of limiting their account. It will come with almost stunning granular guidance backing the reg. Goes into effect on June 1, pending waiver requests from sportsbooks. 🧵

Massachusetts unanimously approved a regulation that requires sportsbooks to notify bettors within 48 hours of limiting their account. It will come with almost stunning granular guidance backing the reg. Goes into effect on June 1, pending waiver requests from sportsbooks. 🧵

94,863 Aufrufe • vor 5 Monaten

Colorado Senate voted to remove language from a now-neutered RG bill that would have disallowed sportsbooks from limiting bettors “because they win.” Bill co-sponsor Byron H Pelton said they had weekend talks w/ the industry about bettors “gaming the system” much like “card counters” in casinos. 1/

Colorado Senate voted to remove language from a now-neutered RG bill that would have disallowed sportsbooks from limiting bettors “because they win.” Bill co-sponsor Byron H Pelton said they had weekend talks w/ the industry about bettors “gaming the system” much like “card counters” in casinos. 1/

56,668 Aufrufe • vor 3 Monaten

2/2. What's wild is that Mass Gaming Commission today decided that if a Russian or Belarusian athlete promotes their country as part of a match, the wagers for that match must be voided. So you could bet on a UFC Main Event fight & have your bet voided post-fight if they hold up a flag.

2/2. What's wild is that Mass Gaming Commission today decided that if a Russian or Belarusian athlete promotes their country as part of a match, the wagers for that match must be voided. So you could bet on a UFC Main Event fight & have your bet voided post-fight if they hold up a flag.

124,991 Aufrufe • vor 1 Jahr

Andrew Ross Sorkin: the important issue of derivatives fraud on DubClub

Andrew Ross Sorkin: the important issue of derivatives fraud on DubClub

25,859 Aufrufe • vor 2 Monaten

Incredible that the co-sponsor of the bill amendment to reverse the gambling tax deduction cap has been called as a witness to testify & is now missing.

Incredible that the co-sponsor of the bill amendment to reverse the gambling tax deduction cap has been called as a witness to testify & is now missing.

53,543 Aufrufe • vor 7 Monaten

Full testimony from Dina Titus on restoring 100% gambling tax loss deductibility

Full testimony from Dina Titus on restoring 100% gambling tax loss deductibility

46,285 Aufrufe • vor 7 Monaten

Kalshi co-founder says <7% of volume comes from institutional market makers. Most of it is from individuals & very small PM-centric funds.

Kalshi co-founder says <7% of volume comes from institutional market makers. Most of it is from individuals & very small PM-centric funds.

21,922 Aufrufe • vor 3 Monaten

.Rep. Steven Horsford talks about the unfairness of the 90% gambling losses deduction cap at today’s Ways & Means hearing

.Rep. Steven Horsford talks about the unfairness of the 90% gambling losses deduction cap at today’s Ways & Means hearing

10,964 Aufrufe • vor 1 Monat

CFTC Chairman says the upcoming Proposed Rule on Prediction Markets will be “narrow” & “address one aspect” of PMs. Helps explain why the rule is moving so quickly.

CFTC Chairman says the upcoming Proposed Rule on Prediction Markets will be “narrow” & “address one aspect” of PMs. Helps explain why the rule is moving so quickly.

13,719 Aufrufe • vor 2 Monaten

Jim Cramer calls the gambling tax provision in the OBBB "brutal" as part of a 6-minute segment on CNBC's Mad Money. Mainstream media attention on the issue has increased this week.

Jim Cramer calls the gambling tax provision in the OBBB "brutal" as part of a 6-minute segment on CNBC's Mad Money. Mainstream media attention on the issue has increased this week.

20,680 Aufrufe • vor 1 Jahr

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