Prediction Markets Now Out-Trade America’s Sportsbooks, and States Are Racing to Tax Them

Prediction Market Volume | Now Bigger Than Sports Betting

Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more

For the First Time In 57 Years, You Can Buy Into the World Series of Poker With Crypto

World Series of Poker 2026 | First Time Crypto Buy-Ins

The 57th WSOP is underway in Las Vegas through July 15, and this year players can pay their tournament entry fees in Solana with no processing fees. Stablecoin payouts are coming, but not until December. Poker’s biggest event is in full swing in Las Vegas, and the 2026 edition arrived with a first that has … Read more

Gambling Loss Deduction | 90% Cap in Effect for 2026

Gambling Loss Deduction | 90% Cap in Effect for 2026

Gamblers Now Owe Tax on Money They Never Won. The Fix Is Stuck in Congress. The federal gambling loss deduction changed on Jan. 1, 2026, and the change is now real money out of real pockets. Under the old rule, a gambler who itemized could deduct losses up to the full amount of winnings, so … Read more

US Gaming Industry Splits Over Prediction Markets as Senate Holds First Hearing

US Gaming Industry Splits Over Prediction Markets as Senate Holds First Hearing

DraftKings and FanDuel walked away from the AGA in November 2025 and now sit opposite the trade group at the first congressional hearing on federally regulated event contracts. The May 20 Senate Commerce Subcommittee hearing marks the formal start of federal legislative consideration.

Federal NBA and NCAA Gambling Probes Converge as Trial Calendars Approach

Federal NBA and NCAA Gambling Probes Converge as Trial Calendars Approach

The federal calendar between June and September 2026 brings trial-track activity in two interconnected gambling probes that together have generated indictments naming approximately sixty defendants. The cases share an FBI investigative umbrella known internally as Operation Nothing But Net.