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IGamingApr 16, 2026Source: Gambling Insider

Rahm Emanuel Targets Online Gambling With $50 Billion Tax Plan to Counter China Threat

Rahm Emanuel Targets Online Gambling With $50 Billion Tax Plan to Counter China Threat

Former Chicago Mayor Rahm Emanuel is pitching a 10% federal levy on all types of online gambling, including prediction markets. Former Chicago Mayor and U.S. Ambassador to Japan, Rahm Emanuel, has unveiled a proposal to impose a 10% federal tax on online gambl

Former Chicago Mayor Rahm Emanuel is pitching a 10% federal levy on all types of online gambling, including prediction markets. Former Chicago Mayor and U.S. Ambassador to Japan, Rahm Emanuel, has unveiled a proposal to impose a 10% federal tax on online gambling and prediction markets, aiming to generate up to $50 billion annually to […] The post Rahm Emanuel Targets Online Gambling With $50 Billion Tax Plan to Counter China Threat appeared first on Gambling Insider.