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Dina Titus proposes FAIR BET amendment to 2026 defence bill

Regulation

US Representative Dina Titus said she had introduced the FAIR BET Act as an amendment to the 2026 National Defense Authorization Act, seeking to restore full deductions for gambling losses. The source said a 2025 tax law capped deductions at 90% of winnings from 1 January 2026. Titus urged House Republicans to allow the proposal to be considered by the Rules Committee in September.

The amendment would address the scheduled federal limit on deductions for gambling losses.

End-of-day close Flutter (FLUT), USD, to 10 October 2025
Story date14 July 202510 October 2025

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