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Slot Machines Representing Phantom Income from Gambling Losses

IRS Hearing Puts Focus on 90% Gambling Loss Rule for 2026 Tax Year

An IRS hearing on the new 90% gambling loss deduction cap drew criticism from lawmakers, tax professionals and gamblers who said the rule could create taxable phantom income in 2026.

Posted on: July 28, 2026 | | Joe Boozell

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Explore top gambling sites, compare the latest offers and discover trusted reviews, bonuses and platforms across multiple gaming categories.

Posted on: July 27, 2026 | | catenamedia

Maine Online Casinos Are Legal, But Launch Still Hinges on Rules, Licenses, and Lawsuit

Maine has legalized online casinos, but players still cannot log in yet. Regulators must finish rules, approve licenses, and clear platforms before any launch.

Posted on: July 27, 2026 | | Joe Boozell

Touchdown in Santa Clara: Win the Ultimate Super Bowl LIX Experience with Legendz!

Enter The Big Game Giveaway at Legendz for a chance to win 2 Super Bowl tickets, hotel, and travel! Play Legendz or Liberty games to earn your prize draw entries today.

Posted on: January 6, 2026 | | Patrick Monnin

Bovada Leaves All iGaming States But Rhode Island, Michigan Pursues Another Illegal Gambling Site

Seven of the eight iGaming states have succeeded at ousting the illegal online gambling site Bovada. Rhode Island officials are working on it.

Posted on: October 4, 2024 | | Heather Fletcher

Yellow Social Interactive is invoking a class action waiver to defend itself against accusations of illegal gambling.

Pulsz Owner Yellow Social Interactive Invokes Class Action Waiver in Response to Demands for Arbitration

Pulsz owner Yellow Social Interactive is defending itself against arbitration by invoking a class action waiver clause in its terms of use.

Posted on: April 28, 2023 | | Alex Weldon

Michigan Gaming Control Board Confirms Sending Cease & Desists to Sweepstakes Operators

Most sweepstakes operators pulled out of Michigan in the second half of 2023. The state regulator has confirmed sending cease-and-desists.

Posted on: January 22, 2024 | | Alex Weldon

A fishbowl full of change represents the class action settlement fund which many Kentucky casino players will share.

Chumba Casino Owner VGW Settles Kentucky Class Action for $11.75 Million

Chumba Casino and Luckyland Slots players in Kentucky can apply to receive a share of an $11.75 million class action settlement fund.

Posted on: January 11, 2023 | | Chav Vasilev

US residents who bought virtual chips in DoubleDown's social casino games are eligible for part of a class action settlement.

Claims Process Underway for $415 Million DoubleDown Interactive Settlement

The claims process is underway for those who spent money on DoubleDown Casino and related products prior to Nov. 14, 2022.

Posted on: February 24, 2023 | | Chav Vasilev

Commodity Futures Trading Commission Abandons Its Election-Betting Case Against Kalshi

The CFTC's enforcement stance has changed under the Trump administration, and it will no longer oppose Kalshi's US political offerings.

Posted on: May 7, 2025 | | Chav Vasilev

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IRS Hearing Puts Focus on 90% Gambling Loss Rule for 2026 Tax Year

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Maine Online Casinos Are Legal, But Launch Still Hinges on Rules, Licenses, and Lawsuit

Touchdown in Santa Clara: Win the Ultimate Super Bowl LIX Experience with Legendz!

Bovada Leaves All iGaming States But Rhode Island, Michigan Pursues Another Illegal Gambling Site

Pulsz Owner Yellow Social Interactive Invokes Class Action Waiver in Response to Demands for Arbitration

Michigan Gaming Control Board Confirms Sending Cease & Desists to Sweepstakes Operators

Chumba Casino Owner VGW Settles Kentucky Class Action for $11.75 Million

Claims Process Underway for $415 Million DoubleDown Interactive Settlement

Commodity Futures Trading Commission Abandons Its Election-Betting Case Against Kalshi

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Best Online Casino Promo Codes for July 2026

Have Welcome Bonuses Peaked? Why Online Casinos Are Betting on Loyalty Instead

IG Group to Acquire Underdog for Up to $1.3 Billion in Major Prediction Markets Play

Best Real Money Online Casinos in the US for July 2026