Big Beautiful Bill News

YES

NO

NO

Gambling losses deduction remains limited to 90% as laid out in OBBB

Congress explicitly intervenes to restore 100% deduction (example Rep Titus FAIR BET act enacted)

Mainstream pro gamblers move primarily to prediction markets for tax treatment

Administrative action classifies sports prediction markets as gambling for tax purposes

Court ruling classifies sports prediction markets as gambling for tax purposes

Legislation classifies sports prediction markets as gambling for tax purposes

Major sports book restructures as a prediction market before 2026-01-01

2029

2030

Not before 2035/Announced Cancelled

2031

2032

2033

YES

YES

After 2045

2025-2029

2030-2034

2035-2039