SHORT Act News

YES

YES

YES

YES

NO

YES

Liberal/National Coalition

Victorian Labor Party

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

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 goes bankrupt because of OBBB by 2027-01-01

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

2035

2040

2045

Later/never

YES

Mass immigration

Drug decriminalization

Gun ban

YES