Andy Burnham, a potential future UK prime minister, may raise taxes on slot machine shops and casinos by up to £460m, a move supported by a Social Market Foundation poll, to address concerns about the gambling industry's impact on vulnerable people.
Luke Ashton's widow is suing Betfair for negligence after her gambling addict husband died £18,000 in debt. The claim argues Betfair failed to intervene as his losses mounted, potentially setting a precedent for the UK gambling industry.
The American Gaming Association claims states and tribes lost over $1 billion to prediction markets, which they argue are untaxed sportsbooks. Platforms like Kalshi and Polymarket, regulated by the CFTC, dispute the figure, calling it 'fake math.' This dispute highlights a jurisdictional fight over gambling regulation, with states seeking to impose similar rules and taxes on these platforms.
UFC President Dana White wrote to President Trump to reverse a 90% cap on gambling loss deductions in his tax law, citing harm to the gambling ecosystem. The provision limits taxable winnings deductions, affecting players and the industry.
Ellen Mulvey ran up huge betting losses online and wrote ‘addiction is the worst disease’ before she diedA family is calling for wholesale reform of the gambling industry after an inquest heard details of the life and death of Ellen Mulvey, a “generous and caring” woman with a high-flying City job who also had a secret addiction.Mulvey’s family believe she lost hundreds of thousands of pounds gambling without their knowledge, first via mainstream operators and then on unlicensed platforms. Continue reading...
