This market will resolve to "Yes" if Donald Trump signs any federal legislation or performs any executive action that explicitly eliminates the carried interest tax provision by June 30, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No."

Eliminating carried interest is defined as preventing investment fund managers from classifying carried interest as long-term capital gains rather than ordinary income. Legislation or executive actions that modify but do not fully eliminate the carried interest provision—such as increasing the holding period or altering tax rates without removing the provision entirely—will not qualify.

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

Any bill signed into law or executive action taken within this market's timeframe will qualify, regardless of when the law or action goes into effect.

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