Steve Ruddock Breaks Down New Gambling Tax Laws, Legal Challenges & the Future of Prediction Markets

Steve Ruddock Breaks Down New Gambling Tax Laws, Legal Challenges & the Future of Prediction Markets 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: ⁠[e-mail]⁠ 🎥 A CrossCheck Media production | Distributed by Biz Talk Today TV (BTT) Executive Producer: Todd M. Schoenberger 🔗 Website: https://crosscheckmanagement.com/ 📧 Contact on Email: [e-mail] 📱 Follow us for real-time updates: LinkedIn: / crosscheck-media-llc Instagram: / crosscheckmedia Facebook: / crosscheckmedia 📢 Disclaimer:The views and opinions expressed in this episode are those of the guests and hosts and do not necessarily reflect the official policy or position of CrossCheck Media or Biz Talk Today TV. All content is for informational purposes only and should not be construed as financial, legal, or investment advice. Viewers are encouraged to conduct their own due diligence and consult with a licensed professional before making any financial decisions. A buyer-beware approach is always prudent. CrossCheck Media and Biz Talk Today TV disclaim any liability for financial loss or damages arising from the use of this content. #GamblingLaw #SportsBettingNews #SteveRuddock #DoubleDownWithBreslo #IRS #W2GForms #PredictionMarkets #PrizePix #OnlineGambling #GamblingTax #AmericanGamingAssociation #CaliforniaBetting #LegalGamblingNews #BizTalkTodayTV #CrossCheckMedia Learn more about your ad choices. Visit megaphone.fm/adchoices