by I. Nelson Rose | Aug 8, 2025 | Blogs
As part of Donald Trump’s Big Beautiful Bill, Republicans in the U.S. Senate snuck in a change in the federal income tax laws to get a couple of billion dollars from professional and other high-stakes gamblers over the next ten years. A billion dollars sound like a...
by I. Nelson Rose | May 9, 2025 | Blogs
I must start by saying I like prediction markets. Allowing people to trade event contracts, that is, make bets on future real-world events, has led to extraordinarily accurate forecasts. Of course, it invites insider trading. But that is not always bad. In 2003 the...
by I. Nelson Rose | May 8, 2025 | Articles
Attitudes toward gambling have shifted not only from state to state but also over time. Twice before in American history, almost all gambling was outlawed. Even Nevada closed its casinos in 1909. But we are now in what I call the Third Wave of Legal Gambling, with...
by I. Nelson Rose | Feb 20, 2025 | Blogs
What could possibly go wrong? New Jersey Assembly Bill No. 2172 has passed out of committee and now will be voted on by the entire Assembly. A companion bill is being considered in the State Senate. If either bill passes both houses and is signed by Governor Phil...
by I. Nelson Rose | May 22, 2022 | Blogs
In 2022, the leaders of the People’s Republic of China decided to change everything they did not like about Macau’s casinos. The PRC is a Marxist government, controlled by the Chinese Communist Party. So, as a matter of personal belief, they hate the Upper Class –...
