India, June 10 -- If you're planning to bet on your favorite team during the 2026 FIFA World Cup, there's something you should know first. New tax rules could mean paying taxes even when your bets end up losing money. The 2026 FIFA World Cup is around the corner starting this month and is expected to generate about $150 billion in betting.

Millions of people are expected to bet on the tournament for the first time. Better match timings for North American viewers, the new 48-team format, and the growth of legal betting apps have helped increase betting interest.

A Paysafe survey found that 29% of U.S. bettors are first-time gamblers. The same survey found that about 60% of fans worldwide plan to place bets on the World Cup where betting ...