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I. Nelson Rose Gaming Guru - Page 2Gambling tax hike threatens professionals7 July 2025
Professional and high-stakes poker players, sports bettors and handicappers are about to be taxed out of business. Either that or they will move their action overseas to foreign jurisdictions that don’t report gambling winnings to the IRS. As a lawyer, I must warn you that the Internal Revenue Code requires Americans to report their income from everywhere in the world. ... (read more)
Regulator drops appeal in prediction market case13 May 2025
I must start by saying I like prediction markets. Allowing people to trade event contracts, that is, make bets on future real-world events, has led to extraordinarily accurate forecasts. Of course, it invites insider trading. But that is not always bad. In 2003 the Pentagon’s Defense Advanced Research ... (read more)
New Jersey to allow esport competitors to bet on themselves21 February 2025
What could possibly go wrong? New Jersey Assembly Bill No. 2172 has passed out of committee and now will be voted on by the entire Assembly. A companion bill is being considered in the State Senate. If either bill passes both houses and is signed by Governor Phil Murphy, betting on esports will be greatly expanded. ... (read more)
How to not get arrested22 August 2024
“Spanky,” Gadoon Kyrollos, one of the top sports bettors, and my client and friend, invited me to speak at his 2024 BetBash. In return, I gave a talk on a topic his attendees would appreciate: When does betting, especially on sports, become a crime? Spanky has been running BetBash for years, though this is my first time. ... (read more)
Pete Rose wishes he had a translator22 April 2024
Just because you have made yourself into a national embarrassment does not mean you cannot sink any lower. No, I’m not talking about that other guy, the wannabe dictator with the superpower of having absolutely no sense of shame. This is the star athlete who gambled his way into the rarified baseball hall of shame, next to Shoeless Joe Jackson. ... (read more)
Testifying in French12 April 2024
I don’t usually write about my cases. But the trial court has reached its verdict. And I want to describe my experience testifying as an expert witness in a criminal trial in Paris, France. In French. Well, the trial was conducted entirely in French. I spoke English. I had a human translator standing next to me. ... (read more)
Baseball's betting scandal: Is Shohei Ohtani in jeopardy?26 March 2024
Every lawyer should carry a parrot trained to say two words. Especially criminal defense attorneys. That way at their first meeting, the lawyer can put the parrot on the new client’s shoulder to repeat over and over again, “Don’t talk! Don’t talk!” If you have been involved with illegal gambling, you don’t talk to anybody. ... (read more)
California gives up regulating five casinos6 March 2024
The Attorney General of California has agreed that the state will now have no role in regulating five tribal casinos. More Indian casinos may follow. A federal trial court, and then, the Ninth Circuit Court of Appeals had ruled that California lost its right to negotiate tribal-state compacts to co-regulate these casinos. ... (read more)
Trapped in Macau30 November 2023
On Saturday, Macau awarded “provisional licenses” to the six current casino operators. These will allow them to continue to operate until they are awarded their official concessions in January. No surprise there. In fact, the biggest surprise is that another company, Genting, even bothered to compete. ... (read more)
Hiding an elephant in a mousehole5 July 2023
The federal D.C. Court of Appeals just ruled that the Seminole Tribe has a monopoly on internet sports betting in Florida. The legal gambling world is abuzz about whether this means every tribe in America can now operate online sportsbooks and take bets from gamblers not on Indian land. Will the U.S. ... (read more)
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