Erik Seidel said a US tax rule taking effect in 2026 could make full-time tournament poker too costly. The rule would limit gamblers’ deductions for annual losses to 90%; Seidel plans to focus on smaller events while occasionally entering major tournaments if it remains in place.
The deduction limit could alter professional players’ tournament schedules and participation in US events.
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Several Italian tax court rulings support calculating the single betting tax for periods after 2016 on operators' actual margins rather than betting turnover, according to the report. The decisions also treat the bookmaker, rather than a betting data transmission centre, as the taxpayer; other courts have separately rejected some tax assessments based on presumptive calculations.
A Quaest poll found that 16% of respondents who were optimistic about Brazil's future cited regulation of betting and social media as a source of hope under President Luiz Inácio Lula da Silva. That group represented 44% of respondents, making the combined issue about 7% of the full sample; the poll did not separate betting from social-media regulation. The survey interviewed 2,004 people from 30 October to 2 November.
Brazilian political analyst Jussara Soares and Arko Advice vice-president Cristiano Noronha forecast that Congress will approve Provisional Measure 1.394/2026, which bans fixed-odds betting and online games. Noronha said approval could include a transition period; the measure enters urgent procedure on 9 November while its joint committee remains uninstalled.
A newspaper editorial published on 8 November called on Brazil's Supreme Federal Court to uphold Provisional Measure 1.394/2026, which ended regulated online betting. The editorial cited R$144 billion allegedly diverted from retail to betting over two years; a commentary challenging that figure put regulated-market gross gaming revenue at R$56.97 billion over 18 months, using Ministry of Finance figures for 2025 and the first half of 2026.
A study delivered to Supreme Federal Court minister Luiz Fux on 3 November recommended gradually restricting betting, starting with online casinos, rather than ending sports betting. Open Society Foundations funded the research, which reported that 56% of respondents supported banning online games while some backed continued betting under an advertising ban; the study later featured in arguments for Provisional Measure 1.394/2026, which prohibited fixed-odds betting nationwide.
A study funded by Open Society Foundations recommended gradual restrictions on betting, starting with online casinos, but was later used to support Brazil's nationwide ban on fixed-odds betting. First lady Rosângela da Silva, known as Janja, delivered the study to Supreme Federal Court minister Luiz Fux at a public hearing on 3 November.