Tom Goldstein Faces Sentencing In SCOTUSblog Poker Tax Case

Tom Goldstein Faces Sentencing In SCOTUSblog Poker Tax Case

A federal judge in Maryland is set to decide June 16 whether the former Supreme Court advocate goes to prison, and will rule the same day on his bid to throw out the verdict. The government wants Goldstein locked up for eight years and ordered to repay roughly $3.1 million, while his defense team pushes … Read more

Gambling Loss Deduction Cap Hits The 2026 WSOP As Fields Shrink

Gambling Loss Deduction Cap Hits The 2026 WSOP As Fields Shrink

The 2026 World Series of Poker is the first held since the 90% cap on gambling loss deductions took effect Jan. 1. The change can create “phantom income,” meaning players who break even or lose for the year can still owe federal tax. Early high-stakes turnout is down, with one $5,000 event drawing 570 entries … Read more