Day: 15 May 2026

Key Moments: On January 1, 2026, new federal tax rules will restrict gamblers to deducting only 90 percent of losses from winnings. Dana White sent a letter to President Trump, criticizing the new tax law’s impact on bettors and the legal gaming sector. Lawmakers and industry groups have rallied behind repeal efforts, citing potential threats to gaming jobs and local economies. OBBBA Tax Rule Reshapes Gambling Deductions Significant changes to federal gambling tax deductions are causing widespread concern across the industry. Under the One Big Beautiful Bill Act (OBBBA), starting…

Key Moments: The Gambling Harms Research UK Evidence Centre has launched and excludes commercial gambling involvement. In addition, the center is funded through the government’s Gambling Levy as a UKRI investment. It supports research initiatives and Innovation Partnerships. Moreover, harmful gambling is estimated to cost the UK about £1.4 billion each year. This affects health services, families, and individuals. Establishing Independent Gambling Harm Research Britain’s newly established Gambling Harms Research UK Evidence Centre provides an independently funded research infrastructure long requested in the sector. The center uses funding from the…