Recent legislative efforts to repeal the 90% cap on gambling loss deductions under the 2025 One Big Beautiful Bill Act have stalled in a divided Congress, with Republicans citing the measure’s $1.1 billion revenue offset amid debt-ceiling and appropriations negotiations. The House Rules Committee’s rejection of the FAIR BET Act and limited traction for bipartisan repeal proposals such as the FULL HOUSE Act have narrowed viable vehicles for passage before December 31, 2026. Although industry advocates including UFC CEO Dana White have pressed the White House for relief, no floor vote or reconciliation inclusion has materialized. Traders therefore assign a 64.5% probability to “No,” viewing structural fiscal and procedural barriers as outweighing short-term political appeals within the compressed timeline.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$68,293 Vol.
$68,293 Vol.
Dec 31, 2026
$68,293 Vol.
$68,293 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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. Recent legislative efforts to repeal the 90% cap on gambling loss deductions under the 2025 One Big Beautiful Bill Act have stalled in a divided Congress, with Republicans citing the measure’s $1.1 billion revenue offset amid debt-ceiling and appropriations negotiations. The House Rules Committee’s rejection of the FAIR BET Act and limited traction for bipartisan repeal proposals such as the FULL HOUSE Act have narrowed viable vehicles for passage before December 31, 2026. Although industry advocates including UFC CEO Dana White have pressed the White House for relief, no floor vote or reconciliation inclusion has materialized. Traders therefore assign a 64.5% probability to “No,” viewing structural fiscal and procedural barriers as outweighing short-term political appeals within the compressed timeline.
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
$68,293End 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. Recent legislative efforts to repeal the 90% cap on gambling loss deductions under the 2025 One Big Beautiful Bill Act have stalled in a divided Congress, with Republicans citing the measure’s $1.1 billion revenue offset amid debt-ceiling and appropriations negotiations. The House Rules Committee’s rejection of the FAIR BET Act and limited traction for bipartisan repeal proposals such as the FULL HOUSE Act have narrowed viable vehicles for passage before December 31, 2026. Although industry advocates including UFC CEO Dana White have pressed the White House for relief, no floor vote or reconciliation inclusion has materialized. Traders therefore assign a 64.5% probability to “No,” viewing structural fiscal and procedural barriers as outweighing short-term political appeals within the compressed timeline.
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
$68,293End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...Recent legislative efforts to repeal the 90% cap on gambling loss deductions under the 2025 One Big Beautiful Bill Act have stalled in a divided Congress, with Republicans citing the measure’s $1.1 billion revenue offset amid debt-ceiling and appropriations negotiations. The House Rules Committee’s rejection of the FAIR BET Act and limited traction for bipartisan repeal proposals such as the FULL HOUSE Act have narrowed viable vehicles for passage before December 31, 2026. Although industry advocates including UFC CEO Dana White have pressed the White House for relief, no floor vote or reconciliation inclusion has materialized. Traders therefore assign a 64.5% probability to “No,” viewing structural fiscal and procedural barriers as outweighing short-term political appeals within the compressed timeline.
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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