#professional-gamblers

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#prediction-markets #sports-betting #unregulated-markets #trump #budget #tax-regulations #gambling
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fromFuturism
1 day ago

Professional Gamblers Move Into Prediction Markets to Bleed You Dry

Professional gamblers are rapidly entering largely unregulated prediction markets, exploiting peer-to-peer market structure to gain advantage and capitalize on massive trading volumes.
fromFortune
7 months ago

Ante up: Trump's budget bill stacks the cards against gamblers, saddling them with a notably higher tax bill

"Starting in 2026, gamblers will only be able to deduct 90% of their losses, versus 100% today, leading to potential tax implications even for those who break even."
US politics
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