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...
by I. Nelson Rose | Sep 17, 2024 | Blogs
I am honored to have been quoted in a recent Politico article that delves into the challenges facing major casino operators in their bids for downstate New York casino licenses. The article specifically addresses how regulatory issues, including potential fines and...
