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Bill to Restore Gambling Loss Deductions Gets Two New Sponsors

Efforts to undo a controversial cut to gambling loss deductions gained more momentum this week, as two more lawmakers signed on to support the repeal. Soto and Deluzio Join Fight Against New Cap On Monday, Nevada Rep. Dina Titus announced on social media that Florida Democrat Darren Soto and Pennsylvania Democrat Chris Deluzio have joined […]
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VIP Schemes in the UK See 95% Decline, Says Gambling Commission Report

The latest findings from the UK Gambling Commission (GC) reveal a staggering 95% reduction in the number of VIP and high-value customer (HVC) schemes since the implementation of a new code of conduct in October 2020. The code, which was a result of a consultation between the GC and the Betting and Gaming Council, introduced stricter […]

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Polymarket Buys QCEX to Make US Market Comeback

Polymarket is making its long-awaited comeback to the United States, and it’s doing so by playing by the rules this time.  The popular blockchain-based prediction market has announced that it has acquired QCEX, a Commodity Futures Trading Commission (CFTC)-regulated exchange and clearinghouse, in a $112 million deal that finally provides the company with a fully […]
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