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

Poker World Mourns the Loss of David Sklansky

Poker World Mourns the Loss of David Sklansky

News of David Sklansky’s passing comes at a time when people in the poker world are simply looking back on the role he played over the years. His involvement across different parts of the community left an influence that shaped how players picked things up and shared what they knew. Core ideas he introduced still … Read more