The 90% cap on gambling loss deductions took effect for tax year 2026 under the One Big Beautiful Bill Act enacted in July 2025, replacing the prior 100% offset against winnings. Repeal efforts, including the FAIR BET Act and discharge petitions, plus public advocacy from figures such as Dana White, have produced limited congressional momentum. As of mid-2026, no floor votes or committee advances have occurred, and related Kalshi contracts assign only about 25% odds to reversal before April 2027. The change remains embedded in current law with no scheduled reversal timeline, sustaining trader consensus that the provision will stay in place through 2026.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated16% chance
$71,078 Vol.
$71,078 Vol.
Dec 30, 2026
16% chance
$71,078 Vol.
$71,078 Vol.
Dec 30, 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 took effect for tax year 2026 under the One Big Beautiful Bill Act enacted in July 2025, replacing the prior 100% offset against winnings. Repeal efforts, including the FAIR BET Act and discharge petitions, plus public advocacy from figures such as Dana White, have produced limited congressional momentum. As of mid-2026, no floor votes or committee advances have occurred, and related Kalshi contracts assign only about 25% odds to reversal before April 2027. The change remains embedded in current law with no scheduled reversal timeline, sustaining trader consensus that the provision will stay in place through 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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.
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
$71,078End Date
Dec 31, 2026Market 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 took effect for tax year 2026 under the One Big Beautiful Bill Act enacted in July 2025, replacing the prior 100% offset against winnings. Repeal efforts, including the FAIR BET Act and discharge petitions, plus public advocacy from figures such as Dana White, have produced limited congressional momentum. As of mid-2026, no floor votes or committee advances have occurred, and related Kalshi contracts assign only about 25% odds to reversal before April 2027. The change remains embedded in current law with no scheduled reversal timeline, sustaining trader consensus that the provision will stay in place through 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.
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
$71,078End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on gambling loss deductions took effect for tax year 2026 under the One Big Beautiful Bill Act enacted in July 2025, replacing the prior 100% offset against winnings. Repeal efforts, including the FAIR BET Act and discharge petitions, plus public advocacy from figures such as Dana White, have produced limited congressional momentum. As of mid-2026, no floor votes or committee advances have occurred, and related Kalshi contracts assign only about 25% odds to reversal before April 2027. The change remains embedded in current law with no scheduled reversal timeline, sustaining trader consensus that the provision will stay in place through 2026.
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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