President Donald Trump did not rule out removing federal taxes on gambling winnings when asked by reporters aboard Air Force One, but gave no indication of a policy plan. The discussion comes as three bills seek to restore full deductions for gambling losses; none has advanced to a vote.
Any change to federal treatment of gambling losses or winnings could affect US bettors and gambling companies’ customers.
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US lawmakers and regulators pursued gambling tax changes and action against sweepstakes casinos in 2025, while several proposed expansions of sports betting and online casinos stalled. Federal proposals included restoring the full gambling-loss tax deduction, repealing the sports betting excise tax and setting national rules for advertising, prop bets and artificial intelligence targeting.
US Representative Dina Titus has asked House leadership to restore the full gambling-loss tax deduction in end-of-year legislation, according to the report. The deduction was reduced from 100% to 90%, and her FAIR BET Act passed the House Ways and Means Committee 38-5 in September; it awaits action by House leadership.
A congresswoman from Nevada, whose district covers the Las Vegas Strip, wants Republican leaders in the House to bring back the full gambling-loss deduction as the session's final weeks near. Democratic U.S. Rep. Dina Titus wrote to Speaker Mike Johnson and Majority Leader Steve Scalise, both of Louisiana, urging that FAIR BET language be added to any “must-pass” legislation.
A Reuters/Ipsos poll found that most US adults oppose betting on election outcomes and government decisions, amid debate over prediction-market regulation. The survey found 69% of Democrats and 61% of Republicans opposed election betting; 65% opposed bets on military operations and 63% opposed bets on public-policy decisions.
Most US adults oppose using prediction markets to bet on election results and government decisions, according to a Reuters/Ipsos poll released on 12 October. The survey was conducted between 30 September and 5 October and polled 4,506 US adults. It found 69% of Democrats and 61% of Republicans opposed to betting on election outcomes.
A Reuters/Ipsos poll found that most US adults oppose prediction-market bets on elections and government decisions. The online survey of 4,506 adults, conducted from 30 September to 5 October, found 63% opposed bets on executive announcements and decisions; 69% of Democratic voters and 61% of Republican voters opposed election bets.
Kalshi reportedly opened an investigation into three trades placed before Donald Trump announced Katie Zacharia as White House press secretary. The trades totalled $173 and had potential payouts of more than $9,600, but no evidence has been disclosed showing that the traders used confidential information.