The 90% cap on gambling loss deductions took effect in 2026 under the One Big Beautiful Bill Act passed in 2025, replacing the prior 100% limit against winnings. Bipartisan repeal measures such as the FAIR BET Act have been introduced with backing from gaming-state lawmakers and industry voices, yet these bills have stalled amid broader tax and budget priorities. No major floor votes or procedural advances occurred in the first half of 2026 despite temporary market moves following public appeals. Traders therefore assign an 84% probability to no repeal before 2027, reflecting the slow pace of tax legislation, limited dedicated momentum, and competing congressional calendars that historically delay narrow corrections even when support exists.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated17% chance
$71,073 Vol.
$71,073 Vol.
Dec 31, 2026
17% chance
$71,073 Vol.
$71,073 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 90% cap on gambling loss deductions took effect in 2026 under the One Big Beautiful Bill Act passed in 2025, replacing the prior 100% limit against winnings. Bipartisan repeal measures such as the FAIR BET Act have been introduced with backing from gaming-state lawmakers and industry voices, yet these bills have stalled amid broader tax and budget priorities. No major floor votes or procedural advances occurred in the first half of 2026 despite temporary market moves following public appeals. Traders therefore assign an 84% probability to no repeal before 2027, reflecting the slow pace of tax legislation, limited dedicated momentum, and competing congressional calendars that historically delay narrow corrections even when support exists.
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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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
$71,073End 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 gambling loss deductions took effect in 2026 under the One Big Beautiful Bill Act passed in 2025, replacing the prior 100% limit against winnings. Bipartisan repeal measures such as the FAIR BET Act have been introduced with backing from gaming-state lawmakers and industry voices, yet these bills have stalled amid broader tax and budget priorities. No major floor votes or procedural advances occurred in the first half of 2026 despite temporary market moves following public appeals. Traders therefore assign an 84% probability to no repeal before 2027, reflecting the slow pace of tax legislation, limited dedicated momentum, and competing congressional calendars that historically delay narrow corrections even when support exists.
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
$71,073End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on gambling loss deductions took effect in 2026 under the One Big Beautiful Bill Act passed in 2025, replacing the prior 100% limit against winnings. Bipartisan repeal measures such as the FAIR BET Act have been introduced with backing from gaming-state lawmakers and industry voices, yet these bills have stalled amid broader tax and budget priorities. No major floor votes or procedural advances occurred in the first half of 2026 despite temporary market moves following public appeals. Traders therefore assign an 84% probability to no repeal before 2027, reflecting the slow pace of tax legislation, limited dedicated momentum, and competing congressional calendars that historically delay narrow corrections even when support exists.
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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