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.
Resumo experimental gerado por IA com dados do Polymarket. Isto não é aconselhamento de trading e não tem qualquer papel na resolução deste mercado. · Atualizado$70,791 Vol.
$70,791 Vol.
$70,791 Vol.
$70,791 Vol.
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.
Mercado Aberto: Nov 5, 2025, 2:32 PM ET
Resolver
0x65070BE91...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.
Resolver
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.
Resumo experimental gerado por IA com dados do Polymarket. Isto não é aconselhamento de trading e não tem qualquer papel na resolução deste mercado. · Atualizado
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