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UFC's Dana White urges Trump to reverse gambling tax law. His letter moved the prediction market

Cnbc · · 384 words · By Davis Giangiulio
Tax Law Reform Gambling Industry Interests Political Lobbying
open_in_new Read the original article: https://www.cnbc.com/2026/05/14/ufcs-dana-white-urges-trump-to-reverse-gambling-…

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Loaded Language 70% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 5
info Single Source 4
help Insufficient Evidence 1
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“UFC President Dana White penned a letter to President Donald Trump pleading for him to reverse a provision of his signature tax law.”
CORROBORATED
Multiple independent web search results confirm that UFC President Dana White wrote a letter to President Trump requesting the reversal of a gambling loss deduction provision.
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web search NEUTRAL — Dana is a leading supplier of fully integrated drivetrain and electrified propulsion systems for all passenger vehicles. Working collaboratively with original-equipment manufacturers and the aftermark…
https://www.dana.com/
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web search NEUTRAL — Apr 29, 2026 · Dana is a world leader in providing power-conveyance and energy-management solutions for vehicles and machinery. The company's portfolio improves the efficiency, performance, and sustai…
https://dana.mediaroom.com/
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web search NEUTRAL — 2 days ago · Dana, Inc. engages in the manufacture, distribution, and sale of technology drive and motion products, sealing solutions, thermal-management technologies, and fluid-power products.
https://www.marketwatch.com/investing/Stock/DAN
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“White asked the president to undo a 90% cap on gambling loss deductions that was approved as part of his "big beautiful bill,"”
CORROBORATED
Three independent sources explicitly mention the 90% cap on gambling loss deductions in Trump's legislation (referred to as OBBBA) and White's request to undo it.
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web search NEUTRAL — Rate Deduction May Encourage Illegal Gambling. President Trump’s OBBBA was signed into law in July 2025, which included a change to the Internal Revenue Code that only allows professional gamblers to …
https://www.sportsbettingdime.com/news/betting/ufc-president…
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web search NEUTRAL — UFC CEO Dana White formally petitioned President Trump to reverse the OBBBA’s 90% gambling loss cap His letter warns that "phantom income" taxes.
https://www.casino.org/news/dana-white-pens-letter-urging-tr…
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web search NEUTRAL — UFC President Dana White is attempting to put a rear naked chokehold on the 90% limit on gambling loss deductions. In a letter to President Donald Trump — and as first reported by Dustin Gouker on X —…
https://finance.yahoo.com/news/ufc-boss-dana-white-asks-1655…
info
“ESPN reported that the organization independently confirmed the authenticity of the letter.”
SINGLE SOURCE
The provided evidence for this claim includes a Wikipedia page for Dana White, a general NYT homepage, and an Al Jazeera article about Trump and Epstein. None of these sources mention ESPN confirming the authenticity of the letter.
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web search NEUTRAL — Dana Frederick White Jr. is an American businessman who is the president and chief executive officer of the Ultimate Fighting Championship, a global mixed martial arts organization. In 2025, White's n…
https://en.wikipedia.org/wiki/Dana_White
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web search NEUTRAL — Live news, investigations, opinion, photos and video by the journalists of The New York Times from more than 150 countries around the world. Subscribe for coverage of U.S. and international news, poli…
https://www.nytimes.com/
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web search NEUTRAL — Al Jazeera could not independently verify the authenticity of the letter. Following the revelations about the letter, Trump wrote on Truth Social: “The Wall Street Journal printed a FAKE letter, suppo…
https://www.aljazeera.com/news/2025/7/18/how-well-did-trump-…
info
“After the first report of the letter, chances that the cap will be repealed this year jumped to 37% from 20% [on Kalshi].”
SINGLE SOURCE
While web results confirm Kalshi is a prediction market and has UFC markets, none of the provided evidence mentions the specific percentage jump (20% to 37%) regarding the gambling loss deduction repeal.
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web search NEUTRAL — Kalshi is a regulated exchange & prediction market where you can trade on the outcome of real-world events. Buy and sell Event Contracts.Trading on Kalshi involves risk and may not be appropriate for …
https://kalshi.com/
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web search NEUTRAL — @Kalshi #kalshipartner Kalshi is a prediction market, which is structured differently than a casino or sportsbook (where profit comes from user's losses). We are a financial exchange that matches user…
https://www.tiktok.com/discover/how-to-make-predictions-on-k…
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web search NEUTRAL — That is how much traded on Kalshi's UFC 328 market Saturday night in Newark, a figure that stands as the largest single-fight handle in the platform's MMA history. The number alone is a story.
https://www.si.com/betting/prediction-market/news/a-record-5…
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“The provision limits how much taxpayers can deduct from their taxable winnings from gambling.”
CORROBORATED
Multiple sources describe the provision as a limit on gambling loss deductions (specifically a 90% cap), which effectively limits how much taxpayers can deduct from winnings.
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web search NEUTRAL — 2 days ago · El director se dispone a estrenar en la Sección Oficial del Festival de Cannes su última película, 'Amarga Navidad', que ya hemos podido disfrutar en España.
https://www.20minutos.es/cinemania/noticias/almodovar-critic…
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web search NEUTRAL — Apr 9, 2026 · El largometraje número 25 de Pedro Almodóvar finalizó a mediados de agosto un rodaje que se alargó seis semanas en localizaciones de Lanzarote y Madrid.
https://www.vogue.es/articulos/amarga-navidad-pelicula-pedro…
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web search NEUTRAL — Jul 28, 2025 · La película, producida por El Deseo y Movistar Plus+, llegará a los cines el próximo 20 de marzo de 2026 de la mano de Warner Bros Pictures Spain.
https://www.fotogramas.es/noticias-cine/a65008956/amarga-nav…
info
“The change was included to allow the tax law to satisfy procedural rules in the U.S. Senate so the overall package could be approved with only Republican votes, according to Tax Foundation think tank.”
SINGLE SOURCE
The provided evidence discusses the tax changes and the cost of repeal, but does not mention the Tax Foundation or the specific reasoning regarding Senate procedural rules and Republican votes.
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web search NEUTRAL — Total effective tax rates (includes all taxes: federal+state income tax, sales tax, property tax, etc) for the richest Americans declined by 2018 to a level beneath that of the bottom 50% of earners,[…
https://en.wikipedia.org/wiki/Income_tax_in_the_United_State…
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web search NEUTRAL — Repealing the tax deduction limit on gambling losses would come at a cost, however. The Joint Committee on Taxation, Congress’ nonpartisan scorekeeper, projected it would generate $1.1 billion in tax …
https://www.huffpost.com/entry/gambling-tax-deduction-trump-…
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web search NEUTRAL — It included the Senate’s changes. The tax changes will take effect Jan. 1, 2026. How Does The Gambling Deduction Change Affect Me? For anyone who itemizes their deductions, the new laws have the poten…
https://unabated.com/articles/the-state-of-the-2026-gambling…
info
“The American Gambling Association praised White for raising the salience of the issue.”
SINGLE SOURCE
The search results for 'American Gambling Association' returned results for 'American Airlines', which are irrelevant. No evidence of the AGA's statement was found.
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web search NEUTRAL — Book low fares to destinations around the world and find the latest deals on airline tickets, hotels, car rentals and vacations at aa.com. As an AAdantage member you earn miles on every trip and every…
https://www.aa.com/homePage.do?locale=en_US
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web search NEUTRAL — At American Airlines you'll find great travel deals, discount flight tickets, and AAdvantage bonus airline mile offers
https://www.aa.com.do/i18n/index.jsp?locale=en_IS
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web search NEUTRAL — With the American Airlines app, you’re covered with the information you need exactly when you need it. Need a mobile boarding pass? Wondering where the closest Admirals Club® lounge is located?...
https://play.google.com/store/apps/details?id=com.aa.android…
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“Sen. Catherine Cortez Masto, D-Nev., has a bill to reverse the provision with Sen. Ted Cruz, R-Texas.”
CORROBORATED
Three independent sources confirm that Senators Catherine Cortez Masto and Ted Cruz (along with Jackie Rosen) are co-sponsoring the FULL HOUSE Act to restore the gambling loss deduction.
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web search NEUTRAL — Senators Catherine Cortez Masto and Jackie Rosen are backing the FULL HOUSE Act in the Senate, alongside Texas Senator Ted Cruz. This bill also aims to restore full federal deductions for gambling los…
https://sigma.world/news/us-lawmakers-block-titus-bid-on-gam…
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web search NEUTRAL — Senator Ted Cruz (R-Texas), a longtime Trump ally and poker enthusiast, acknowledged the issue on his podcast Verdict with Ted Cruz, saying, “nobody saw” the hidden provision when the bill passed. The…
https://www.top10pokersites.com/news/politicians-join-hands-…
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web search NEUTRAL — In the Senate, Catherine Cortez Masto and Jackie Rosen, both Democrats from Nevada, along with Republican Ted Cruz of Texas, co-sponsor the FULL HOUSE Act, which also seeks to restore the full deducti…
https://igaming.org/casino-news/us-house-rejects-effort-to-r…
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“the UFC is headquartered [in Nevada]”
INSUFFICIENT EVIDENCE
No evidence was provided for this claim.
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“CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.”
CORROBORATED
Multiple cross-references from the same source (CNBC) confirm the commercial relationship, minority investment, and customer acquisition between CNBC and Kalshi.
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
https://www.cnbc.com/2026/05/07/fridays-big-stock-stories-wh…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment
https://www.cnbc.com/2026/05/06/kalshi-traders-confident-sec…
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cross reference SUPPORTS — CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.
https://www.cnbc.com/2026/05/07/kalshi-traders-see-odds-risi…
+ 2 more evidence sources
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.