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Will Gambling Tax Deduction Cap Spur Migration To Prediction Markets?

Unless it’s repealed, a new tax provision capping the losses gamblers can deduct at 90% takes effect on Jan. 1, 2026. Meanwhile, prediction markets are rising in prominence. A potential result of this dynamic: A migration of big gamblers — professionals and whales, alike — from regulated sportsbooks to prediction markets in the new year. дальше »

2025-11-20 22:48


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Trump’s crypto policies may inspire China’s digital asset growth, HashKey CEO suggests

As tech tensions between the US and China deepen, cryptocurrency could become a new frontier for competition. US President-elect Donald Trump’s pro-crypto stance, promising clearer regulations and potential industry support, may spur China to reconsider its approach to digital assets, according to HashKey Group’s chairman and CEO, Xiao Feng. In an interview with the South […] дальше »

2024-11-15 18:49