**The 90% cap on wagering loss deductions, enacted in the July 2025 One Big Beautiful Bill Act and effective for tax years after 2025, has faced repeated repeal efforts that have all failed to advance.** Bipartisan bills such as the FAIR BET Act, FULL HOUSE Act, and WAGER Act, plus amendments by Rep. Dina Titus and others, were introduced or offered in 2026 but blocked in the House Rules Committee, failed to pass committee, or were excluded from reconciliation packages. An IRS hearing in July 2026 drew testimony from lawmakers, the gaming industry, and tax professionals urging restoration of the prior 100% offset, yet no legislative change has occurred. With Congress facing a compressed calendar through the end of 2026 and the provision generating modest revenue, traders view enactment of repeal before 2027 as unlikely, supporting the current 84% implied probability on “No.” Ongoing industry advocacy and narrow bipartisan support have not yet overcome procedural and fiscal hurdles.
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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 wagering loss deductions, enacted in the July 2025 One Big Beautiful Bill Act and effective for tax years after 2025, has faced repeated repeal efforts that have all failed to advance.** Bipartisan bills such as the FAIR BET Act, FULL HOUSE Act, and WAGER Act, plus amendments by Rep. Dina Titus and others, were introduced or offered in 2026 but blocked in the House Rules Committee, failed to pass committee, or were excluded from reconciliation packages. An IRS hearing in July 2026 drew testimony from lawmakers, the gaming industry, and tax professionals urging restoration of the prior 100% offset, yet no legislative change has occurred.
With Congress facing a compressed calendar through the end of 2026 and the provision generating modest revenue, traders view enactment of repeal before 2027 as unlikely, supporting the current 84% implied probability on “No.” Ongoing industry advocacy and narrow bipartisan support have not yet overcome procedural and fiscal hurdles.
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 wagering loss deductions, enacted in the July 2025 One Big Beautiful Bill Act and effective for tax years after 2025, has faced repeated repeal efforts that have all failed to advance.** Bipartisan bills such as the FAIR BET Act, FULL HOUSE Act, and WAGER Act, plus amendments by Rep. Dina Titus and others, were introduced or offered in 2026 but blocked in the House Rules Committee, failed to pass committee, or were excluded from reconciliation packages. An IRS hearing in July 2026 drew testimony from lawmakers, the gaming industry, and tax professionals urging restoration of the prior 100% offset, yet no legislative change has occurred.
With Congress facing a compressed calendar through the end of 2026 and the provision generating modest revenue, traders view enactment of repeal before 2027 as unlikely, supporting the current 84% implied probability on “No.” Ongoing industry advocacy and narrow bipartisan support have not yet overcome procedural and fiscal hurdles.
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 wagering loss deductions, enacted in the July 2025 One Big Beautiful Bill Act and effective for tax years after 2025, has faced repeated repeal efforts that have all failed to advance.** Bipartisan bills such as the FAIR BET Act, FULL HOUSE Act, and WAGER Act, plus amendments by Rep. Dina Titus and others, were introduced or offered in 2026 but blocked in the House Rules Committee, failed to pass committee, or were excluded from reconciliation packages. An IRS hearing in July 2026 drew testimony from lawmakers, the gaming industry, and tax professionals urging restoration of the prior 100% offset, yet no legislative change has occurred. With Congress facing a compressed calendar through the end of 2026 and the provision generating modest revenue, traders view enactment of repeal before 2027 as unlikely, supporting the current 84% implied probability on “No.” Ongoing industry advocacy and narrow bipartisan support have not yet overcome procedural and fiscal hurdles.
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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