The lead plaintiff says the futures markets provided by the New York-based company are nothing more than unregulated and unlicensed gambling. LOUISVILLE (CN) — “Futures contracts” offered by Kalshi on ...

Americans love winners. They love learning about those who gamble and succeed — such as Edwin Castro, who last year won a $2 billion Powerball jackpot. Intoxicated with the prospects of winning, ...

Forbes contributors publish independent expert analyses and insights. Andrew Leahey is an attorney and law professor that covers tax. This voice experience is generated by AI. Learn more. This voice ...

This article was co-authored by Mirit Eyalthe, the Joseph D. Peeler Professor of Law at the University of Alabama School of Law, and Jay A. Soled, a Distinguished Professor of Taxation at Rutgers ...

The high-stakes world of professional poker players is getting a shake-up. According to CNBC, some of the game's most successful players say a new tax rule is making their careers increasingly hard to ...

A pair of academics recently teamed up on a study arguing against restoring the law that allowed 100% tax deductions for gambling losses. In fact, the professors believe there should be no gambling ...

UFC President Dana White has asked President Trump to help rescind the gambling provision in the One Big Beautiful Bill Act. The bill allows gamblers to deduct only 90% of losses, as opposed to the ...