In this sizzling summer episode, World Series of Politics hosts Brandt Iden and Brendan Bussmann welcome back one of our favourite guests, Congresswoman Dina Titus, to find out how she’s giving bettors a fair shake with the Fair Bet Act.
The FAIR BET response to the ‘big, bad, beautiful, bullshit bill’
The Fair Accounting for Income Realized from Betting Earnings Taxation (Fair Bet) Act is Congresswoman Titus’ fiery response to a sneaky Senate move that cuts the tax deduction on gambling losses to 90%. Titus pulls no punches as she calls out the “big, bad, beautiful, bullshit bill” for cutting the longstanding 100% deduction on gambling losses, effectively taxing players on phantom winnings.
Listen to Congresswoman Titus talking the Fair Bet Act on Apple Podcasts
And bipartisan momentum is building, including backing from gaming giants, tribes and the American Gaming Association (AGA), for Titus’ bill to reverse the provision before it hits taxpayers in 2026.
The Congresswoman’s message is clear: This goes beyond protecting the industry, and it’s vital for players, communities and the future of regulated gambling in the United States.
