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Why the IRS draft update for gambling tax reporting matters

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Nevada files to block Polymarket from offering ‘unlicensed wagering’ in the state
The Nevada Gaming Control Board has filed to block Polymarket operations in the state, describing them as “unlicensed wagering.” The Board filed a civil enforcement action on January 16, requestin...

California officials confiscate Santa Anita gambling machines days after installation
California police officers have removed new gambling machines from Santa Anita Park just days after they were first installed. The horse-racing location installed 26 new gambling machines on January 1...

Allwyn completes $1.5 billion deal to acquire majority stake in PrizePicks
Gaming firm Allwyn’s deal to acquire the majority stake in fantasy sports operator PrizePicks has been completed, closing at $1.533 billion. Allwyn, best known for its lottery services, has finalize...

Campaign for Fairer Gambling criticizes Maine governor over online casino approval
The Campaign For Fairer Gambling (CFG) has issued a statement after Governor Janet Mills of Maine has reversed her intent to veto a bill to legalize online slots and casino games. While online sports ...

Kalshi faces class-action lawsuit over ‘deceptive’ claims denying gambling platform status
A group of regular Kalshi users, some of whom are self-professed addicts, have filed a class-action lawsuit against the prediction market over its claims that it is not a betting platform. Alexander H...

Report finds 89% of UK illegal sports streams deliver black market gambling ads
Behind 89% of illegal stream views on sports in Great Britain during 2024 and the first half of 2025 were malware, spyware, keystroke loggers, and other ID and data theft mechanics aimed at producing ...

73-year-old Chapin man avoids prison for $100,000 video poker scheme
A 73-year-old man from Chapin, South Carolina, has been sentenced to five years of probation after it was uncovered that he intended to “engage in illegal” gambling businesses. James O. Helms help...

Playtech expands its wares into South Africa with LottoStar
Playtech, the company behind the tech that powers many online gambling platforms, has announced that it intends to expand its presence in South Africa via its partner LottoStar. The gambling tech comp...

Snoop Dogg is partnering with Trivelta to launch an online casino
Rapper Snoop Dogg has set his sights on the gambling industry as he partners with the iGaming technology provider TRIVELTA to launch the online casino ‘Dogg House Casino.’ According to the announc...

Coalition for Prediction Markets backs Rep. Ritchie Torres’s Bill against insider trading
The Coalition for Prediction Markets has shown support for Representative Ritchie Torres’s effort to strengthen integrity in the sector. It was in early January when the Congressman announced he wou...