Former Chicago Mayor Rahm Emanuel, a possible 2028 Democratic presidential candidate, is proposing a new tax on online gambling and prediction markets to fund research in fields where the US is competing with China.
The former Illinois congressman, ambassador to Japan and White House chief of staff has been contemplating a run for the Democratic presidential nomination and rolling out policy proposals to bolster his chances in what is expected to be a large field of candidates.
His latest proposal, which was reviewed by Bloomberg, would put a 10% federal transaction tax on wagers in licensed online sportsbooks, digital casino platforms, prediction market apps and exchanges.
