Federal Court of Appeal News

Before trial begins: all 4 charges dropped, or whole case dismissed

Before a verdict of guilt for any of these charges: all 4 charges dropped, or whole case dismissed

Trial begins before 2031

Trump serves “house arrest” for any of the 4 alleged violations

Convicted of “Conspiracy to Defraud the United States”

Convicted of “Conspiracy to Obstruct an Official Proceeding”

Convicted of “Obstruction of and Attempt to Obstruct an Official Proceeding”

Convicted of “Conspiracy Against Rights”

Convicted of all 4 alleged violations

YES

NO

YES

YES

YES

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

YES

NO

NO

YES