The 90% cap on gambling loss deductions, enacted in the 2025 One Big Beautiful Bill Act and effective for tax years beginning after December 31, 2025, remains in place with no repeal legislation enacted as of September 2026. Multiple bipartisan proposals, including the FAIR BET Act and FULL HOUSE Act, have been introduced to restore full deductibility but have stalled in committee or been blocked by the House Rules Committee. Industry advocates, including Nevada lawmakers and groups like the American Gaming Association, have pressed for reversal through hearings, lobbying, and direct appeals, citing phantom income concerns for bettors. These efforts have not overcome congressional procedural hurdles or advanced to a vote in time to meet the 2026 deadline, supporting trader consensus that the cap will persist into 2027.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated22% chance
$71,489 Vol.
$71,489 Vol.
Dec 31, 2026
22% chance
$71,489 Vol.
$71,489 Vol.
Dec 31, 2026
This market will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting. The 90% cap on gambling loss deductions, enacted in the 2025 One Big Beautiful Bill Act and effective for tax years beginning after December 31, 2025, remains in place with no repeal legislation enacted as of September 2026. Multiple bipartisan proposals, including the FAIR BET Act and FULL HOUSE Act, have been introduced to restore full deductibility but have stalled in committee or been blocked by the House Rules Committee. Industry advocates, including Nevada lawmakers and groups like the American Gaming Association, have pressed for reversal through hearings, lobbying, and direct appeals, citing phantom income concerns for bettors. These efforts have not overcome congressional procedural hurdles or advanced to a vote in time to meet the 2026 deadline, supporting trader consensus that the cap will persist into 2027.
This market will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting.
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting.
Market Opened: Nov 5, 2025, 2:32 PM ET
Volume
$71,489End Date
Jan 1, 2027Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...This market will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting. The 90% cap on gambling loss deductions, enacted in the 2025 One Big Beautiful Bill Act and effective for tax years beginning after December 31, 2025, remains in place with no repeal legislation enacted as of September 2026. Multiple bipartisan proposals, including the FAIR BET Act and FULL HOUSE Act, have been introduced to restore full deductibility but have stalled in committee or been blocked by the House Rules Committee. Industry advocates, including Nevada lawmakers and groups like the American Gaming Association, have pressed for reversal through hearings, lobbying, and direct appeals, citing phantom income concerns for bettors. These efforts have not overcome congressional procedural hurdles or advanced to a vote in time to meet the 2026 deadline, supporting trader consensus that the cap will persist into 2027.
This market will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting.
To qualify as a repeal, the cap must be entirely remove any cap limiting gambling loss deductions to below 100%.
Modifications—such as increasing the limit, delaying implementation or changing how it is calculated will not qualify.
The resolution source for this market will be a consensus of credible reporting.
Volume
$71,489End Date
Jan 1, 2027Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on gambling loss deductions, enacted in the 2025 One Big Beautiful Bill Act and effective for tax years beginning after December 31, 2025, remains in place with no repeal legislation enacted as of September 2026. Multiple bipartisan proposals, including the FAIR BET Act and FULL HOUSE Act, have been introduced to restore full deductibility but have stalled in committee or been blocked by the House Rules Committee. Industry advocates, including Nevada lawmakers and groups like the American Gaming Association, have pressed for reversal through hearings, lobbying, and direct appeals, citing phantom income concerns for bettors. These efforts have not overcome congressional procedural hurdles or advanced to a vote in time to meet the 2026 deadline, supporting trader consensus that the cap will persist into 2027.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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