Nevada’s Dina Titus filed a bill targeting prediction platforms like Kalshi and Polymarket that offer sports wagering. Passage looks unlikely given Republican control of the House and Trump administration support for these markets. Titus is simultaneously backing legislation to fix a new tax rule that … Read more
Reps. Steven Horsford and Max Miller introduced the FULL HOUSE Act in January to reverse a tax change that reduced gambling loss deductions to 90%. The updated rule can force gamblers to pay taxes even when they finish the year even, affecting both casual players … Read more
The House Rules Committee blocked an attempt to add the FAIR BET Act onto the National Defense Authorization Act (NDAA) through an amendment. The Fair Accounting for Income Realized from Betting Earnings Taxation Act aims to repeal a tax provision that would negatively impact U.S. … Read more
Senators Catherine Cortez Masto and Cindy Hyde-Smith reintroduced legislation to repeal the federal excise tax, calling it outdated. The renewed push comes as Nevada sportsbooks continue to pay millions and follows the recent failure of Rep. Dina Titus’ FAIR Bet Act. WASHINGTON — A bipartisan … Read more
New York lawmakers are weighing a bill to eliminate state-level gambling loss tax deductions following recent federal changes. Meanwhile, Missouri and New Jersey continue reshaping their legal sports betting markets with new restrictions and licensing rules. ALBANY, N.Y. – From tax reform in New York … Read more
A new bipartisan bill, the FAIR BET Act, aims to reverse a controversial tax rule buried in President Trump’s recently signed One Big Beautiful Bill. Introduced by Reps. Dina Titus and Ro Khanna, the legislation would restore gamblers’ ability to fully deduct losses against winnings. … Read more
