The 90% cap on gambling loss deductions took effect for tax year 2026 under the One Big Beautiful Bill Act signed in July 2025, which made prior limitations permanent while adding the new percentage restriction. Bipartisan repeal legislation, including the FAIR BET Act, has been introduced and received support from gaming industry groups and lawmakers from casino-heavy states, along with advocacy such as a May 2026 appeal to the administration. However, these efforts have stalled in committee with no floor action or passage as of mid-2026, reflecting slow legislative timelines, competing priorities ahead of midterms, and the absence of broader tax reform momentum. Traders price the low likelihood of full repeal by December 31, 2026, accordingly.
Resumo experimental gerado por IA com dados do Polymarket. Isto não é aconselhamento de trading e não tem qualquer papel na resolução deste mercado. · AtualizadoSim
$71,078 Vol.
$71,078 Vol.
Sim
$71,078 Vol.
$71,078 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 90% cap on gambling loss deductions took effect for tax year 2026 under the One Big Beautiful Bill Act signed in July 2025, which made prior limitations permanent while adding the new percentage restriction. Bipartisan repeal legislation, including the FAIR BET Act, has been introduced and received support from gaming industry groups and lawmakers from casino-heavy states, along with advocacy such as a May 2026 appeal to the administration. However, these efforts have stalled in committee with no floor action or passage as of mid-2026, reflecting slow legislative timelines, competing priorities ahead of midterms, and the absence of broader tax reform momentum. Traders price the low likelihood of full repeal by December 31, 2026, accordingly.
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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