INVARIANT LLC
Lobbying for DRAFTKINGS INC. · Fantasy sports and sports wagering
Monitor sports gaming issues and legislation. Educate about the company's business model.
Monitor legislation to amend the Internal Revenue Code of 1986 to repeal Chapter 35 (relating to taxes on wagering), including H.R. 1440, the Discriminatory Gaming Tax Repeal Act of 2025; and S.2773, the WAGER Act. Monitor legislation to restore full deductibility of wagering losses against winnings, including H.R.4630, the WAGER Act of 2025; S.2230, the FULL HOUSE Act; and H.R. 4304, the Fair Accounting for Income Realized from Betting Earnings Taxation Act. Educate Members of Congress on tax administration challenges, IRS tax treatment, and the need for guidance on sports gaming issues.
Monitor legislative and regulatory proposals on event contracts.