Trader consensus favors no repeal of the 90% cap on gambling loss deductions—enacted in the One Big Beautiful Bill Act and effective for the 2026 tax year—at 74%, reflecting stalled bipartisan repeal efforts amid Republican concerns over lost federal revenue. The House Rules Committee recently rejected the FAIR BET Act, while bills like H.R. 6985 and the Cruz-Miller measure have gained endorsements from groups such as Americans for Tax Reform but face procedural hurdles and low priority in a busy legislative calendar focused on debt ceiling talks and appropriations. No floor votes or committee advancements have occurred since early 2026, diminishing near-term prospects before the December 31, 2026, deadline, though post-midterm lame-duck sessions could shift dynamics.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$64,653 Vol.
$64,653 Vol.
Dec 31, 2026
$64,653 Vol.
$64,653 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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. Trader consensus favors no repeal of the 90% cap on gambling loss deductions—enacted in the One Big Beautiful Bill Act and effective for the 2026 tax year—at 74%, reflecting stalled bipartisan repeal efforts amid Republican concerns over lost federal revenue. The House Rules Committee recently rejected the FAIR BET Act, while bills like H.R. 6985 and the Cruz-Miller measure have gained endorsements from groups such as Americans for Tax Reform but face procedural hurdles and low priority in a busy legislative calendar focused on debt ceiling talks and appropriations. No floor votes or committee advancements have occurred since early 2026, diminishing near-term prospects before the December 31, 2026, deadline, though post-midterm lame-duck sessions could shift dynamics.
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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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
$64,653End 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. Trader consensus favors no repeal of the 90% cap on gambling loss deductions—enacted in the One Big Beautiful Bill Act and effective for the 2026 tax year—at 74%, reflecting stalled bipartisan repeal efforts amid Republican concerns over lost federal revenue. The House Rules Committee recently rejected the FAIR BET Act, while bills like H.R. 6985 and the Cruz-Miller measure have gained endorsements from groups such as Americans for Tax Reform but face procedural hurdles and low priority in a busy legislative calendar focused on debt ceiling talks and appropriations. No floor votes or committee advancements have occurred since early 2026, diminishing near-term prospects before the December 31, 2026, deadline, though post-midterm lame-duck sessions could shift dynamics.
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
$64,653End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...Trader consensus favors no repeal of the 90% cap on gambling loss deductions—enacted in the One Big Beautiful Bill Act and effective for the 2026 tax year—at 74%, reflecting stalled bipartisan repeal efforts amid Republican concerns over lost federal revenue. The House Rules Committee recently rejected the FAIR BET Act, while bills like H.R. 6985 and the Cruz-Miller measure have gained endorsements from groups such as Americans for Tax Reform but face procedural hurdles and low priority in a busy legislative calendar focused on debt ceiling talks and appropriations. No floor votes or committee advancements have occurred since early 2026, diminishing near-term prospects before the December 31, 2026, deadline, though post-midterm lame-duck sessions could shift dynamics.
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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