OptionProbability
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
Major sports book goes bankrupt because of OBBB by 2027-01-01
66
52
51
45
38
37
34
20
