Capital Markets Authority News

NO

YES

United Socialist Party of Venezuela Representative

US Government

Military junta

Opposition representative

NO

YES

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 goes bankrupt because of OBBB by 2027-01-01

NO

Partial - De facto separation exists but no formal international recognition by EOY 2028

No - Yemen is unified under single internationally recognized government by EOY 2028