By The Weekly Edge desk ·
A US House committee moved to repeal a provision of the One Big Beautiful Bill as part of efforts to restore the 100% gambling loss tax deduction, Casino.org News reported. The outlet said the Ways and Means Committee was meeting that week.
The committee’s repeal effort seeks to restore the full gambling loss tax deduction.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.