The One Big Beautiful Bill Act, enacted in July 2025, established the 90% cap on gambling loss deductions under IRC Section 165(d) effective for tax years beginning in 2026 as part of reconciliation adjustments to TCJA extensions. Bipartisan repeal legislation, including measures backed by industry figures such as Dana White, has been introduced in Congress, yet no such bill has advanced to enactment amid competing legislative priorities and the provision's projected $1.1 billion in revenue over a decade. A May 2026 advocacy letter briefly lifted related prediction market odds before they receded, confirming limited momentum for reversal ahead of the 2027 threshold. Trader consensus reflects the absence of floor action or scheduled votes that could alter the status quo in the remaining months of 2026.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$70,791 Vol.
$70,791 Vol.
Dec 31, 2026
$70,791 Vol.
$70,791 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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. The One Big Beautiful Bill Act, enacted in July 2025, established the 90% cap on gambling loss deductions under IRC Section 165(d) effective for tax years beginning in 2026 as part of reconciliation adjustments to TCJA extensions. Bipartisan repeal legislation, including measures backed by industry figures such as Dana White, has been introduced in Congress, yet no such bill has advanced to enactment amid competing legislative priorities and the provision's projected $1.1 billion in revenue over a decade. A May 2026 advocacy letter briefly lifted related prediction market odds before they receded, confirming limited momentum for reversal ahead of the 2027 threshold. Trader consensus reflects the absence of floor action or scheduled votes that could alter the status quo in the remaining months of 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
$70,791End 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 One Big Beautiful Bill Act, enacted in July 2025, established the 90% cap on gambling loss deductions under IRC Section 165(d) effective for tax years beginning in 2026 as part of reconciliation adjustments to TCJA extensions. Bipartisan repeal legislation, including measures backed by industry figures such as Dana White, has been introduced in Congress, yet no such bill has advanced to enactment amid competing legislative priorities and the provision's projected $1.1 billion in revenue over a decade. A May 2026 advocacy letter briefly lifted related prediction market odds before they receded, confirming limited momentum for reversal ahead of the 2027 threshold. Trader consensus reflects the absence of floor action or scheduled votes that could alter the status quo in the remaining months of 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
$70,791End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The One Big Beautiful Bill Act, enacted in July 2025, established the 90% cap on gambling loss deductions under IRC Section 165(d) effective for tax years beginning in 2026 as part of reconciliation adjustments to TCJA extensions. Bipartisan repeal legislation, including measures backed by industry figures such as Dana White, has been introduced in Congress, yet no such bill has advanced to enactment amid competing legislative priorities and the provision's projected $1.1 billion in revenue over a decade. A May 2026 advocacy letter briefly lifted related prediction market odds before they receded, confirming limited momentum for reversal ahead of the 2027 threshold. Trader consensus reflects the absence of floor action or scheduled votes that could alter the status quo in the remaining months of 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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