Polymarket Logo Seen on Detroit Water Tower
A Detroit business owner is in hot water for allowing Polymarket to advertise on his water tower without proper permits. A Polymarket billboard. The prediction market is generating headlines after…
Two followers of Icahn departing from Caesars board
Two Caesars Entertainment (NASDAQ: CZR) board members appointed at the direction of activist investor Carl Icahn are resigning from their director roles. Investor Carl Icahn. Two of his appointees to…
$1.35 Billion Mega Millions Winner to Withdraw Lawsuit Against Ex Following Loss in Anonymity Battle
Maine’s largest lottery winner is looking to dismiss his legal action against a former partner who allegedly disclosed his $1.35 billion jackpot to his parents after a judge ruled that…
Boston Calls on Encore Boston Harbor to Address Union Requests
The Boston City Council has sided with Teamsters Local 25 and Unite Here Local 26 in the ongoing labor dispute with Wynn Resorts at Encore Boston Harbor, following the City…
How significant is restoring the deduction for gambling losses?
It is highly probable that for the 2026 tax year, individuals who itemize their federal tax returns will be able to deduct 100% of their gambling losses against their winnings….
House of Lords Urges for Ban on UK Gambling Advertising
The UK government is facing pressure to implement a complete ban on gambling advertising following a report by a House of Lords committee, which found that current regulations are inadequate….
DraftKings enhances responsible gaming options with personalized cooling-off periods and Mindway AI technology
DraftKings recently announced new initiatives to promote responsible engagement and increase awareness of tools and resources for making informed decisions and engaging responsibly. The efforts include a digital advertising campaign…
Major US leagues demand lifetime bans for bettors harassing athletes
Five major professional sports leagues and their players associations sent a joint letter to gambling regulators in 35 states and the District of Columbia, asking for rules that would permanently…
U.S. House panel discusses reinstating complete deduction for gambling losses
The U.S. House Ways and Means Committee will consider legislation on Wednesday, that would restore a 100% federal tax deduction for gambling losses against gambling winnings. The proposal would eliminate the…
Texas senate debates if prediction markets are subject to state gambling laws
Concerns about gambling addiction arise in Texas as lawmakers investigate the use of prediction market platforms and debate whether they should be classified as gambling. Gambling policy expert and lobbyist…