Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»UFC’s Dana White targets Trump gambling tax controversy
    News

    UFC’s Dana White targets Trump gambling tax controversy

    Editor Times FeaturedBy Editor Times FeaturedMay 14, 2026No Comments4 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link

    Dana White is pushing President Donald Trump to revisit a playing tax provision tucked contained in the just lately handed “One Big Beautiful Bill Act,” including one other high-profile voice to a rising bipartisan marketing campaign in Washington.

    In a Could 11, 2026 letter to the White Home, the UFC president thanked Trump for supporting the sweeping laws earlier than turning to a tax change now dealing with heavy criticism from the gaming business and several other members of Congress. The supply limits playing loss deductions to 90%, changing the longstanding rule that allowed bettors to completely deduct losses towards winnings.

    New: UFC President Dana White has despatched a letter to President Donald Trump asking him to assist reverse the 90 % restrict on playing loss deductions for US taxpayers that grew to become regulation final 12 months.

    The problem has been a priority for each bettors and the playing business itself. pic.twitter.com/WH9ukZi3mH

    — Dustin Gouker (@DustinGouker) May 13, 2026

    “I write as we speak to boost a difficulty we have now mentioned prior to now: the necessity to reverse the 90 % restrict on gaming loss deductions for US taxpayers included within the OBBBA,” White wrote.

    The tax change was scheduled to take effect for the 2026 tax year and has turn out to be probably the most disputed sections of the spending bundle. Business teams and lawmakers argue the rule may go away some gamblers paying taxes regardless of ending the 12 months with internet losses.

    UFC CEO Dana White provides to playing tax stress mounting in Congress towards Trump invoice

    White warned that the present construction may discourage authorized wagering and weaken the regulated sports activities betting market that states have spent years constructing after the autumn of the federal sports activities betting ban.

    “The present regulation makes it irrational to guess in america since you may find yourself owing taxes even once you lose or having a tax invoice that exceeds your winnings for the 12 months,” the letter states.

    He additionally tied the difficulty on to the enterprise aspect {of professional} sports activities and leisure, the place authorized sportsbooks have turn out to be main promoting and sponsorship companions.

    “Past that, the change has knock-on results for companies like mine,” White wrote. “When authorized betting is discouraged, it hurts the ecosystem we’ve spent years constructing in partnership with state regulators and licensed operators.”

    Nevada lawmakers shortly lined up behind the trouble. Senator Catherine Cortez Masto mentioned she launched bipartisan laws geared toward restoring the complete deduction and described the present coverage as “nonsense.” 

    I’ve a bipartisan invoice to reverse the nonsense tax on playing losses for precisely this purpose: it’s hurting gamers, our gaming and tourism business, and the employees who depend on them for his or her livelihoods.

    I agree with Dana White, the President wants to affix us and repair this… https://t.co/RrO11x7cMF

    — Senator Cortez Masto (@SenCortezMasto) May 13, 2026

    Consultant Dina Titus thanked White publicly for including stress on the administration, whereas Consultant Steven Horsford once more promoted his proposed “FULL HOUSE Act” because the clearest legislative repair.

    Thanks @danawhite for maintaining the stress on @POTUS to revive the 100% tax deduction for playing losses. I’ve led the battle right here in Congress to get this fastened with bipartisan assist. We can not postpone this concern any longer. https://t.co/7PnXlTzaGQ

    — Dina Titus (@repdinatitus) May 13, 2026

    The talk has already surfaced repeatedly in Congress. Earlier makes an attempt to reverse the deduction cap stalled throughout negotiations surrounding the bigger finances invoice, however supporters say stress has intensified as casinos, sportsbooks, and tax consultants warn about unintended penalties.

    The American Gaming Affiliation additionally backed White’s intervention, saying the business fears bettors may migrate towards offshore platforms that function outdoors U.S. regulation and taxation.

    The letter despatched by UFC President Dana White underscores the AGA’s ongoing efforts to work with Congress to revive the 100% playing loss deduction. Restoring the deduction is essential not just for bettors, however for the companies and jobs supported by the authorized gaming ecosystem. pic.twitter.com/W5TO9jcoel

    — American Gaming Affiliation (@AmericanGaming) May 13, 2026

    White closed the letter by presenting the difficulty as each an financial and political take a look at for the administration.

    “Fixing this deduction concern would ship a robust sign that america helps commonsense regulation,” he wrote. “You’ve at all times stood up for fighters, followers, and American companies. That is one other alternative to do precisely that.”

    Featured picture: Andrius Petrucenia through WikiCommons / CC BY-SA 2.0 / Grok





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    Nemo Dagger Osmo Tent Review (2025): 2-Person Backcountry Palace

    July 26, 2025

    I Tested Swipey AI Image Generator for 1 Month

    September 19, 2025

    Timekettle W4 earbuds offer real time translation

    September 5, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.