Name: Cap on gambling loss deductions repealed in 2025?
Start: 2025-07-09T13:55:24.96436Z
End: 2025-12-31T00:00:00Z

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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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2025, 11:59 PM ET.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. 

Gambling Loss Deduction Cap

Cap on gambling loss deductions repealed in 2025?

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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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. 

Cap on gambling loss deductions repealed before 2027?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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by March 31, 2026, 11:59 PM ET.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. 

Cap on gambling loss deductions repealed by March 31?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate capital gains tax on any cryptocurrency assets by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If capital gains is eliminated only for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Trump eliminates capital gains tax on crypto in 2025?

This market will resolve to "Yes" if, by December 31, 2025, 11:59 PM ET, sports event contracts listed by a CFTC-regulated Designated Contract Market (DCM), whether accessed directly or through a Futures Commission Merchant (FCM), are legally prohibited or blocked for users in at least one U.S. state or nationwide. Otherwise, this market will resolve to "No."

A qualifying ban must have gone into effect during the market window and may occur through any of the following:

CFTC Action: A final order, rule, or directive under Regulation 40.11 or other CFTC authority that results in the removal or suspension of sports event contracts, either nationally or within one or more states.

Court Order or Judgment: A temporary restraining order, preliminary injunction, permanent injunction, or final judgment issued by a U.S. federal or state court that has the effect of suspending or terminating user access to sports event contracts in one or more states or nationwide. This includes situations where a court denies an exchange’s claim of federal preemption and thereby allows a state to enforce its gambling laws against sports event contracts while adjudication is pending, leading to blocked access in that state.

State Enforcement Upheld by Courts: If a state action (such as a cease-and-desist order or regulatory enforcement) is challenged on preemption grounds and the court declines to enjoin the state, resulting in blocked access to sports event contracts in that state, this will qualify.

To resolve “Yes,” the block or ban must actually take effect (users lose access or ability to trade/maintain positions). Mere announcements, proposed rules, or pending litigation without effect do not qualify.

Voluntary pauses or withdrawals by a DCM or FCM, absent legal compulsion, do not qualify.

If a qualifying block takes effect and is implemented the market will still resolve “Yes” regardless if it is later stayed, reversed, or vacated. 

Actions ordered before the deadline but which take effect only after, will not qulaify. 

The resolution source will be a consensus of credible reporting. 

Will sports prediction markets be banned in any U.S. state in 2025?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to establish a de minimis tax exemption on cryptocurrency transactions by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Such a bill must apply to US taxpaying persons in general; if a law applies only to specific companies or institutions, it will not qualify toward a "Yes" resolution to this market.

If the tax exemption only applies for specific types or classes of crypto assets (e.g., only Bitcoin or Ethereum, only American issued cryptocurrencies, or only NFTs), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.


Trump enacts a de minimis crypto tax exemption before 2026?

This market will resolve to "Yes" if a constitutional amendment establishing term limits for members of the United States Congress is ratified by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

The resolution source will be a consensus of credible reporting. 

Congressional term limits in 2025? 

This market will resolve to "Yes" if the US federal income tax is eliminated between January 21 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, "abolishing the federal income tax" means the elimination of federal income tax obligations for individuals in the US, not merely reductions, suspensions, or alterations to tax rates, brackets, or enforcement policies. The market will not consider executive orders, temporary measures, or proposals that do not become law.

The primary resolution source for this market will be official information from the US federal government, including announcements from Donald Trump and the IRS, however a consensus of credible reporting will also be used.

Trump abolishes the Federal Income Tax in 2025?

This market will resolve "Yes" if the bill listed is signed into law by the President of the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

A bill will only qualify if it receives the President’s signature and becomes law through the normal legislative process. Vetoed bills, bills passed only by one chamber, or those that fail to reach the President’s desk, will not qualify.

The primary resolution source will be official information from Congress.gov or the White House; however, a consensus of credible reporting may also be used if ambiguity arises.

Will the Guidance Clarity Act of 2025 (S.81) be signed into law by December 31 2025?

Affordable Care Act (ACA) enhanced premium tax credits are set to expire at the end of 2025 if not extended by the federal government. 

This market will resolve to “Yes” if a bill extending the enhanced ACA premium tax credits beyond 2025 is signed into federal law by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

A qualifying bill may extend the enhanced ACA premium tax credits in any form, including shorter extensions, phased-down benefits, or narrowed eligibility, as long as the bill clearly continues enhanced premium tax credits which have wider eligibility and/or lower required income contributions relative to baseline ACA premium tax credits that would otherwise apply after 2025.

A bill replacing the ACA enhanced premium tax credits with an alternative form of healthcare subsidy, such as direct cash payments to a health savings account, will not qualify.

If the bill is signed into law before the resolution date, it will suffice to resolve this market to "Yes," regardless of when it takes effect.

The primary source of resolution for this market will be official information from the US federal government; however, a consensus of credible reporting may also be used.

Enhanced ACA premium tax credits extended in 2025?

This market will resolve to "Yes" if the US Internal Revenue Department ceases operations entirely by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the IRS is merged with another agency, resulting in a consolidated department with a shared administrative structure which is no longer titled the Internal Revenue Service it will count as a "Yes" resolution.

If it becomes impossible for Trump to sign legislation/perform executive actions (e.g. he resigns), this market will resolve to "No".

The primary resolution source for this market will be official information from the US government, however a consensus of credible reporting will also be used.

Trump abolishes IRS in 2025?

This market will resolve to "Yes" if Donald Trump signs a bill into law or performs any executive action changing US tax law to eliminate the federal tax exemption on interest from municipal bonds by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

If the exemption is eliminated only for specific types or classes of municipal bonds (e.g., only newly issued bonds, only bonds from certain states or localities, or only bonds purchased after a certain date), it will still count toward a "Yes" resolution for this market.

If the bill is signed into law, or executive action is instituted before the resolution date, it will suffice to resolve this market to "Yes" regardless of when it takes effect.

The primary resolution source for this market will be official information from the US federal government, however a consensus of credible reporting will also be used.

Will Trump remove municipal bond tax exemption in 2025?

This market will resolve to "Yes" if the Digital Asset Market Clarity Act of 2025 (H.R.3633) is passed by both chambers of the U.S. Congress and signed into law by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source is Congress.gov’s legislation tracker (https://www.congress.gov/bill/119th-congress/house-bill/3633) and other official information from the government of the United States, however other credible reporting may be used.

Clarity Act signed into law in 2025?

This market will resolve to "Yes" if Donald Trump signs any bill into law that aims to repeal or alter presidential term limits as defined by the 22nd Amendment to the U.S. Constitution, or if the U.S. Supreme Court rules in a way that would permit a president to serve more than two terms by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Any law signed meeting these criteria will count, even if its implementation is immediately halted or delayed by judicial or other actions.

This market's resolution source will be official information from the Trump administration and U.S. Supreme Court decisions.

Will Trump repeal Presidential term limits in 2025?

This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action that explicitly eliminates federal income taxes for individuals earning less than $150,000 per year in the United States by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Legislation which includes specific exceptions where federal income tax remains applicable for specified groups (whether by income, occupation, or other criteria) will still qualify, as long as the primary outcome of the law is the removal of federal income tax for individuals earning under $150,000. Any bill signed into law or executive action taken within this market's time frame will qualify, regardless of when the law or action goes into effect. If it becomes impossible for Trump to sign legislation/perform executive actions (e.g., he resigns), this market will resolve to "No".

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.

Trump removes income tax on individuals making <$150k?

This market will resolve to "Yes" if any house of any US state legislature holds a vote, as part of its standard legislative process, on a bill, resolution, or constitutional amendment whose main purpose is for the state to secede from the United States, or to otherwise declare its support for such a secession, by June 30, 2026 ET. Otherwise, this market will resolve to "No".

A qualifying measure must clearly state its purpose as part of a process for the state to leave, withdraw from, dissolve political ties with, declare independence from, or otherwise terminate its membership in the United States; measures which merely study, explore, or explain a possibility of secession or independence will not qualify. Informal measures of consensus taking such as straw polls or whip counts will not qualify toward this market's resolution.

A vote on a resolution or other statement without binding legal effect but declaring the state's explicit support for secession will qualify toward this market's resolution.

Only a vote taken by a full chamber will qualify toward this market's resolution. Votes held by committees/subcommittees, etc., will not qualify.

This market's primary resolution source will be official records of qualifying votes from relevant state governments, however a consensus of credible reporting will also be used.

Any US state legislature votes on secession by June 30, 2026?

This market will resolve to "Yes" if the Supreme Court of the United States grants certiorari in a case explicitly concerning the legality, regulation, or jurisdictional authority over sports event contracts by July 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No."

A case qualifies if it addresses at least one of the following: (1) whether contracts based on sporting event outcomes constitute regulated derivatives under the Commodity Exchange Act; (2) whether federal regulation via the Commodity Futures Trading Commission preempts state-level gambling laws as applied to such contracts; or (3) whether sports event contracts offered by federally licensed markets may legally be offered, restricted, or prohibited by federal or state authorities.

The certiorari grant must be publicly confirmed via the official SCOTUS docket or orders list, and verifiable through credible legal reporting or the Supreme Court’s official website. The case does not need to be heard, scheduled, or decided to qualify. 

The resolution source will be a consensus census of credible reporting. 

SCOTUS accepts sports event contract case by July 31, 2026?     

This market will resolve to "Yes" if Donald J. Trump, as President of the United States, signs into law a bill that lowers the maximum individual tax rate below 37% at any point between January 19 and December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Note that the cut does not need to go into effect before the resolution date - it just needs to be signed into law by then.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.



Will Trump cut taxes on high earners in 2025?

This market will resolve to "Yes" if Donald Trump issues a presidential veto of any bill by December 31, 2025, at 11:59 PM ET. Otherwise, this market will resolve to "No".

The resolution source will be official congressional records and a consensus of credible reporting.

Will Trump veto a bill in 2025?

On April 2, Donald Trump announced a 10% tariff on all imports set to take effect on April 5, 2025 at 12:01 a.m. EDT (see: https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/)

This market will resolve to “Yes” if Donald Trump signs any federal legislation or performs any executive action which pauses, delays, or removes the 10% general tariff by December 31, 2025, 11:59 PM ET. Otherwise this market will resolve to “No”.

Actions which remove the general 10% tariff will qualify even if there are item specific exceptions for which the tariff still applies. However, lowering the general tariff below 10% without removing it will not qualify.

Any action which is officially enacted within the market's time frame will qualify, regardless of when the removal goes into effect.

This market's primary resolution source will be official information from the Trump administration, however a consensus of credible information will also be used.

Will Trump remove 10% blanket tariff in 2025?

A Nevada federal judge ruled that Kalshi’s sports event contracts are subject to Nevada gaming rules, rather than exclusively subject to the federal jurisdiction of the U.S. Commodity Futures Trading Commission. You can read more about that here: https://www.reuters.com/legal/government/kalshi-is-subject-nevada-gaming-rules-judge-finds-2025-11-26/.

This market will resolve to “Yes” if Kalshi stops listing new sports event contracts in the state of Nevada by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

“Stops” refers to any halt—whether permanent or temporary—in Kalshi’s listing of new sports event contracts that is intentional and not simply a result of routine operations. Delays caused by gaps between sporting events, technical problems, or other unintentional factors will not qualify.

An official announcement from Kalshi that it will stop listing new sports event contracts in Nevada will suffice to resolve this market, even if the announced stop is not yet implemented. A consensus of credible reporting indicating that Kalshi has stopped listing new sports event contracts in Nevada will also suffice. 

If Kalshi announces the removal of, or is reported by a consensus of credible media to have removed, all sports event contracts from their platform in Nevada, this will count as a qualifying stop. 

A stop limited to a specific subset of sports event contracts (e.g. prop bets or parlays), that does not include contracts on the win/lose outcomes of sporting events, will not qualify.

The primary sources of resolution for this market will be official information from Kalshi; however, a consensus of credible reporting will also be used.

Kalshi stops listing sports event contracts in Nevada in 2025?

This market will resolve to "Yes" if Donald Trump issues a presidential veto, by December 31, 2025, at 11:59 PM ET, of any bill or resolution that explicitly mandates, compels, or formally calls for the public release of documents related to Jeffrey Epstein. Otherwise, this market will resolve to "No."

The resolution source will be official congressional records and a consensus of credible reporting.

Trump vetoes Epstein disclosure bill/resolution in 2025?

In Q4 2024, government expenditures were $7,106,807,000,000 see (https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 10% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,396,126,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).

Will Elon cut the budget by at least 10% in 2025?

This market will resolve to “Yes”, if either of the following conditions are met:

1.  The National Bureau of Economic Research (NBER) publicly announces that a recession has occurred in the United States, at any point in 2025, with the announcement made by December 31, 2025, 11:59 PM ET.

2.  The seasonally adjusted annualized percent change in quarterly U.S. real GDP from the previous quarter is less than 0.0 for two consecutive quarters between Q4 2024 and Q4 2025 (inclusive), as reported by the Bureau of Economic Analysis (BEA). 

Otherwise, this market will resolve to "No". 

Note that advance estimates will be considered. For example, if upon release, the advance estimate for Q2 2025 was negative, and the Q1 2025's most recent, up-to-date estimate was also negative, this market would resolve to "Yes". If on December 31, 2025 the latest estimate for quarterly GDP in Q3 2025 was negative, this market will stay open until the Advance estimate of Q4 2025 is published, at which point it will resolve to "Yes" if Q4 2025 was negative or if the NBER declares a recession by then.

The resolution source will be the official announcements from the NBER and the BEA’s estimate of seasonally adjusted annualized percent change in quarterly US real GDP from previous quarters as released by the Bureau of Economic Analysis (BEA), https://www.bea.gov/data/gdp/gross-domestic-product

US recession in 2025?

Proposition 50 is a 2025 legislatively referred constitutional amendment on congressional redistricting, proposed for the statewide special election in California currently set for November 4, 2025.

This market will resolve to “Yes” if Proposition 50 or any other legislatively referred statewide measure that authorizes or implements congressional redistricting is approved by a majority of voters at the California statewide special election currently set for November 4, 2025. Otherwise, this market will resolve to “No.”

If by the last legally operative deadline for placing measures on the November 4, 2025 statewide ballot—including any deadline set or modified by the statute calling that special election—no qualifying legislatively referred measure has been approved for submission to voters, and there is no enacted statute or pending court order that could still place such a measure on that ballot, the market will resolve “No”.

If the election is officially rescheduled, the same rule applies to the new ballot and its corresponding deadlines.

The resolution source will be based on the official certified results of the vote as published by  State of California. Subsequent litigation, administrative challenges, or failure of any post-approval triggers will not be considered.

California redistricting referendum passes?

In Q4 2024, government expenditures were $7,106,807,000,000 (see https://fred.stlouisfed.org/series/FGEXPND). 

This market will resolve to “Yes” if federal government current expenditures decrease by 5% or more between the Q4 2024 report and the Q4 2025 report. Otherwise, it will resolve to "No".

Any 2025 quarterly report of $6,751,467,000,000 or less will qualify for a “Yes” resolution.

Revisions made to these figures will not be considered, only the values reported in the initial reports will be used.

This market's resolution source is the Federal Government: Current Expenditures chart maintained by the St. Louis Federal Reserve Bank, displayed here (https://fred.stlouisfed.org/series/FGEXPND).


Will Elon cut the budget by at least 5% in 2025?

This market will resolve to “Yes” if the listed team makes the 2025-26 NFL Playoffs. Otherwise, this market will resolve to “No".

If the listed team qualifies for the playoffs early, the market will resolve to "Yes". 
If the listed team is eliminated based on the rules of the competition, the market will resolve to "No". 

The resolution source for this market will be official information from the NFL or a consensus of credible reporting may also be used. 

Will the New England Patriots make the playoffs?

This market will resolve to “Yes” if, by April 30, 2026, 11:59 PM ET, any sitting member of the United States Congress resigns or is removed from their congressional seat and the cause of their departure is attributed to information contained in files related to Jeffrey Epstein released by the federal government during this market’s timeframe. Otherwise, this market will resolve to “No.”

A qualifying resignation or removal must be caused by information included in newly released Epstein-related files. The cause of resignation or removal may be established through official statements from the departing Member of Congress or through a clear consensus of credible reporting. Resignations or removals driven by information already public before November 18, 2025, or by reasons unrelated to the content of the released Epstein-related files, will not qualify.

An announcement of resignation or removal made before April 30, 2026, 11:59 PM ET will qualify, even if the departure becomes effective afterward.

Only the resignation of a U.S. representative or Senator will count. The resignation or removal of a delegate to congress who does not hold full voting powers, e.g. Stacey Plaskett, will not count.

The resolution sources for this market will be official statements from the departing Member of Congress and a consensus of credible reporting.

U.S. Congress member out over Epstein files by April 30?

This market will resolve to "Yes" if an official recount is initiated 2025 New York City Mayoral Election process by January 1, 2025. Otherwise this market will resolve to "No".

If the legal deadline to initiate a recount has passed 2025 NYC mayoral election, and there are no formal or legal processes underway to initiate a recount, this market may resolve to "No".
 
A recount is defined as a formal re-tallying of votes that is ordered by election authorities, whether automatically triggered by law, requested by a candidate, or ordered by a court. 

The resolution source will be official information from the relevant election authorities.

Will there be a recount in the 2025 NYC mayoral election?

This market will resolve to “Yes” if definitive evidence confirming the the incident on August 10, 2019, involving Jeffrey Epstein involved foul play is released by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No".

Statements from the U.S. government indicating that there was foul play will qualify for a "Yes" resolution.

The primary resolution source for this market will be official information from any US government agency, law enforcement agencies, and courts, however a consensus of credible reporting may also be used.

Jeffrey Epstein foul play confirmed in 2025?

This market will resolve to “Yes” if the Chicago Mercantile Exchange (CME) lists publicly tradable event-based contracts specifically related to sports at any point before December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to “No”.

The primary resolution source will be official information from CME Group (https://www.cmegroup.com/); however, a consensus of credible reporting will also be used.

CME list sports event contracts by December 31?

This market will resolve to “Yes” if any online sports betting provider licensed in Ohio has its license officially revoked for any period of time by March 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”. 

Qualifying circumstances include the Ohio Casino Control Commission revoking a Type A license and explicitly citing event-contract activity as a basis for disciplinary action under the Ohio Revised Code (ORC) Chapter 3775.

A revocation will not qualify if the action is clearly unrelated to event-contract issues.

The primary resolution source will be official information from the Ohio State Government and the Ohio Casino Control Commission; however, a consensus of credible reporting will also be used.

Cap on gambling loss deductions repealed in 2025?

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Cap on gambling loss deductions repealed in 2025?

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Cap on gambling loss deductions repealed in 2025?

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Cap on gambling loss deductions repealed in 2025?

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