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Regulations News

5 February 2026

Fair Bet Act stalls in the House

FAIR BET act stalls in the house

An amendment to a provision in the Big Beautiful Bill, which would see allowable deduction rates slip to 90% of losses for gamblers, is facing a roadblock in Congress. The Fair Accounting for Income Realized From Betting Earnings Taxation Act, otherwise known as the FAIR BET Act.

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Rank CEO to stepdown

Rank CEO departs role

The CEO of Rank Group, John O’Reilly, is stepping down from his position into retirement, the company has announced. His official retirement date is slated for 29th January, though he is expected to contribute through the end of the 2025-26 financial year.

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Drake and stake.us targeted in RICO lawsuit

Drake tied to alleged racketeering conspiracy

Canadian rapper and R&B performer Drake is named in a civil class-action lawsuit filed under the Racketeer Influenced and Corrupt Organizations Act (RICO) in Virginia, accusing the superstar and others of promoting unlawful real-money gambling through the social casino platform Stake.us.

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