by I. Nelson Rose | Nov 25, 2025 | Blogs
Prediction markets are growing rapidly, especially as platforms begin offering contracts tied to sporting events. MarketWatch published a new article examining this expansion and the regulatory questions it raises, and I was pleased to contribute to the discussion....
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 | Jul 7, 2025 | Blogs
Professional and high-stakes poker players, sports bettors and handicappers are about to be taxed out of business. Either that or they will move their action overseas to foreign jurisdictions that don’t report gambling winnings to the IRS. As a lawyer, I must...
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 | 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 | Feb 5, 2025 | Blogs
Financial disclosures are meant to ensure transparency and accountability. When the News-Press investigated Lee County Sheriff Carmine Marceno’s financial records, they uncovered concerns about his skyrocketing net worth, questionable gambling winnings, and potential...
