Erik Seidel
3.1K posts







Doris Kearns Goodwin and Jon Meacham join Ari and Ben to debate which historic figures deserve to be on the Mount Rushmore of U.S. Non-Presidents. Legacies examined. Impact measured. History debated. But only 4 will be etched in Rushmore history. HOW'D WE DO?


I spoke with poker legend @Erik_Seidel about the negative impact of leaving the tax deduction for gambling losses at 90%. Despite what some of my colleagues like @SenatorLankford believe, inaction will have serious, concrete consequences on the gaming industry and economy across the country including Oklahoma which has over 140 tribal casinos. It will also force gamers to pay taxes on income they never earned which is just unfair. If we don't get this fixed, many gamers will face a difficult choice of whether they can afford to play or not. #FAIRBETAct



A decade in poker taught me something I didn’t expect: The real value of the game isn’t the money. It’s the skill. Decision-making under pressure with equanimity. Strategic thinking with incomplete information. Agility in ever changing conditions. Asymmetric risks with huge upside. Tournament poker is basically founder training. Maybe only 10% cash. And within that 10%, only a small fraction hit significant wins. But we chase the top spot anyway. For the love of the game. As @demishassabis recently said, games like poker are microcosms of life. The advantage is that in poker, you get to run the simulation thousands of times. That’s iterative compounding. Look at @BenbaLamb, who hit 10-figures of volume on his crypto casino, @yeet. @PrimordialAA went from online poker to founding LayerZero, now a multi-billion dollar protocol. Or @catehall, who founded Alvea during peak COVID and brought a vaccine candidate to clinical trials faster than any startup in history. Poker is zero-sum. But we can and should play positive-sum infinite games with those same skills. (Nod to @komorama + the resonant computing manifesto) Your time in poker isn’t a sunk cost. It’s an investment in who you become. And (hopefully) what you build. The 2026 tax change makes professional gambling impractical (sorry @Erik_Seidel). Combine that with what AI makes possible, the only real fence left is the one you build around yourself. Take the biggest asymmetric risk you can make. Bet on yourself. And bet big.

Of course I support congresswoman Titus in her efforts but I don’t think the bill will be amended this year. I’m just guessing, but I’ve asked many peers about their plans going forward, so here’s how I see it playing out for different types of poker players next year 👇








