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....

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...

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 warn...