A thread about the Senate proposal: The bill limits gambling losses to 90% of those actually incurred. For pro gamblers, the 90% limitation also applies to business expenses. This may impact many, but is much more punitive to those with large gross winnings and losses.

casinoreports.com/titus-promises…

"“We’re processing hundreds of thousands of lines a second,” said Saul Tawil, who works for AVO, a betting consultancy that spots inconsistencies in odds across sportsbooks." The ‘Arbitrage Consultants’ Promising Risk-Free Sports Betting wsj.com/business/the-a…

Cleveland Guardians right-hander Luis Ortiz is under investigation for gambling, a source confirms to ESPN. Ortiz was placed on paid leave by MLB earlier today amid a league investigation into gambling activities. First on the news of gambling were Ken Rosenthal and Zack Meisel.

The new treatment of gambling taxes will give at least sports bettors a happy home at prediction markets - but only as long as MD and the Third Circuit go Kalshi’s way. The stakes just got higher for everyone. predictionnews.com/news/gambling-…

So many DM's about this reply to my friend Alfonso Straffon 🇨🇷🇺🇸🇲🇽. Up front disclaimer: consult your tax advisor. I will try to answer as many of the questions I received as I can with this post, then we're done here :) TL;DR - state and Federal tax ratchets on sports betting is going to

BREAKING: Cleveland Guardians right-hander Luis Ortiz is being investigated for two individual pitches -- one June 15, another June 27 -- that received action flagged by a betting-integrity firm, sources tell me and David Payne Purdum. Details free at ESPN: espn.com/mlb/story/_/id…

Link - ingame.com/california-ag-…

MLB investigating pitcher after suspicious betting activity was detected on the result of the first pitch in select innings of two games. w/Jeff Passan espn.com/mlb/story/_/id…

So are we to assume this statement speaks for DraftKings and FanDuel?

Two cheating investigations, a couple of tax increases, DFS gets DQ’d in CA, and winning & pro sports bettors are practically pointed offshore by NJ and the Feds I can’t remember a week this bad in US sports betting, and it’s only Thursday

If and when the gambling tax mess is cleaned up, there will be a long line of people taking credit, and the American Gaming Association will be trying to position itself at the front of that line. They may even leave their comments on.

Apoplectic is a good word. washingtonpost.com/sports/2025/07…

Seeing Tarek Mansour retweeting about parlays on Kalshi is par for the course... only a matter of time before they are made available on sports... (yawn)

Let's have fun with a poll... 🧐 Whose behind the provision to allow bettors to deduct only 90% of their losses? Option 1: An ignorant person on Sen. Mike Crapo's team who pulled the number out their ass (not understanding the implications). Option 2: DraftKings and FanDuel as

On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings. I welcome all other members to join this common sense fix.

FanDuel Sportsbook is shuttering its downtown Phoenix location kjzz.org/business/2025-…

Intriguing that 3 > 2.