Geoff Zochodne

It is July 25, and the best record in Major League Baseball belongs to the Toronto Blue Jays.

I don't know if we're going to hear much talk about wagering loss deduction limits at the Ronald Reagan Presidential Library but who knows

Good news for the 100% gambling loss tax bill today after a key Republican Rep. reaffirmed the bill has growing, bipartisan support. But the legislative process is never easy and any change has a long way to go before it is set to take effect Jan. 1

A New Jersey lawmaker is proposing to prohibit sportsbook operators from offering microbetting in the state, something that could be of particular concern to a company like DraftKings, which purchased microbetting tech provider Simplebet last year.

NEWS from Las Vegas: Ways & Means Chair @RepJasonSmith told me in an interview he wants to REVERSE the gambling tax hike from the One Big Beautiful Bill SMITH said it was a "bad decision" & could "absolutely" be undone by year-end. He floated it as part of a bipartisan package

Boomer's Sportsbook is coming soon to Nevada. CEO Joe Asher also had some good quotes today on prediction markets: “Seems as though everybody was asleep, and sports betting was legal all along..." covers.com/industry/boome… @Covers

Churchill Downs CEO Bill Carstanjen was asked about prediction markets today. His response was unworried, and insightful as to why Kalshi, Polymarket, et al haven't embraced the sport of kings: covers.com/industry/churc… @Covers

Food for thought re: the gaming industry's response to the Big Beautiful Bill and its changes to wagering loss deductions... Churchill Downs says other tax-related provisions in the bill "will have a significant favorable impact on the Company’s current year cash tax expense."

Polymarket bettors on the Under re: Supreme Court intervention in the sports event contract biz

it's a predict-off, folks

TBD how well any of the below bodes for people who want to vent about wagering loss deduction changes at this week's BBB hearing, which will be held inside "a secure industrial manufacturing facility with limited spacing."

Not sweating potential competition from online sportsbook operators or otherwise, but nothing on when they'll reenter the U.S. officially in a regulated fashion.