Steven Crist's book Exotic Betting has been praised and criticized since its release now just a smidge under two decades ago. That's hard to believe that much time has passed. Nonetheless, Chapter 5 was titled "The Tax Man Cometh."

I would really like to know what a guy like Mike Maloney and others similarly situated have planned for 2026. Now the Tax Man is Really coming. The amendment to the NDAA to correct the gambling loss deduction to 100% was not accepted. If you aren't familiar, it is worth looking into this issue just to be familiar although doubtful it affects a lot of you on here but maybe a few of you?

Good news though, the breeders secured a big win with deductions in the Big Beautiful Bill. 100% bonus depreciation is permanent retroactive to Jan 20, 2025.

All that said, I am genuinely curious how a professional player among the few out there moves ahead. Maybe they continue ahead with the hope of it being corrected retroactively but that seems risky? Maybe they say you can't overcome it and have to stop playing truly professionally and play under the radar moving ahead using cash only? Wow, what a predicament and so curious what folks will do in that situation.