))
Steve Ruddock Breaks Down New Gambling Tax Laws, Legal Challenges & the Future of Prediction Markets
Manage episode 499781537 series 3673276
Content provided by ToddSchoenberger. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ToddSchoenberger or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this eye-opening episode of Double Down with Breslo, host James Breslo welcomes Steve Ruddock, Publisher of Straight to the Point and one of the gambling industry's most respected voices. The two dive deep into the recent changes in gambling tax laws, including the controversial 90% deduction cap on winnings and how it’s impacting both casual and professional players.
Steve breaks down how W2G forms skew the real financial picture for gamblers and why the IRS's new rules could discourage high-stakes play. They also discuss the American Gaming Association’s response and whether this policy will stand amid growing bipartisan opposition.
The conversation shifts to the legal ambiguity around daily fantasy operators like PrizePicks in California, the murky status of online gambling, and what it all means for the future. Ruddock also introduces the concept of prediction markets—a regulated alternative gaining traction in the betting space.
👉 Don’t miss this deep-dive into gaming regulation, policy shifts, and the legal grey areas shaping the future of gambling.
🔔 SUBSCRIBE to CrossCheck Media and Biz Talk Today TV to stay updated on expert interviews, legal insights, and more from the world of sports betting and business.
📧 Want to advertise with us? Contact: [email protected]
#GamblingLaw #SportsBettingNews #SteveRuddock #DoubleDownWithBreslo #IRS #W2GForms #PredictionMarkets #PrizePix #OnlineGambling #GamblingTax #AmericanGamingAssociation #CaliforniaBetting #LegalGamblingNews #BizTalkTodayTV #CrossCheckMedia
83 episodes
Share
