Bipartisan repeal bills, including the FAIR BET Act and FULL HOUSE Act, remain stalled in committee with no floor votes or procedural advancement as of September 2026, despite support from Nevada lawmakers and industry advocates. The 90% cap on gambling loss deductions was enacted in the 2025 One Big Beautiful Bill Act to satisfy Senate reconciliation rules and generate projected revenue, taking effect for tax year 2026. Recent efforts such as discharge petitions, amendments to funding measures, and unanimous consent requests have been blocked by leadership in both chambers. With limited legislative calendar time remaining before the December 31, 2026, resolution deadline and competing priorities in Congress, trader consensus assigns an 81.5% implied probability against full repeal.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update$71,489 Vol.
$71,489 Vol.
$71,489 Vol.
$71,489 Vol.
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.
Binuksan ang Market: Nov 5, 2025, 2:32 PM ET
Resolver
0x65070BE91...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.
Resolver
0x65070BE91...Bipartisan repeal bills, including the FAIR BET Act and FULL HOUSE Act, remain stalled in committee with no floor votes or procedural advancement as of September 2026, despite support from Nevada lawmakers and industry advocates. The 90% cap on gambling loss deductions was enacted in the 2025 One Big Beautiful Bill Act to satisfy Senate reconciliation rules and generate projected revenue, taking effect for tax year 2026. Recent efforts such as discharge petitions, amendments to funding measures, and unanimous consent requests have been blocked by leadership in both chambers. With limited legislative calendar time remaining before the December 31, 2026, resolution deadline and competing priorities in Congress, trader consensus assigns an 81.5% implied probability against full repeal.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update



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