Bipartisan legislation to restore full deductibility of gambling losses under IRC Section 165(d) has been introduced, including the FAIR Bet Act backed by lawmakers from casino states and the American Gaming Association. However, these measures have not advanced amid broader tax code priorities, projected revenue from the 90% cap enacted in the 2025 One Big Beautiful Bill Act, and the slow pace of congressional action on targeted repeals. The cap took effect for tax year 2026, with advocacy appeals occurring as recently as May 2026 but yielding no legislative momentum. This environment supports the current trader consensus reflected in the 83.5% implied probability that repeal will not occur before 2027.
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...Bipartisan legislation to restore full deductibility of gambling losses under IRC Section 165(d) has been introduced, including the FAIR Bet Act backed by lawmakers from casino states and the American Gaming Association. However, these measures have not advanced amid broader tax code priorities, projected revenue from the 90% cap enacted in the 2025 One Big Beautiful Bill Act, and the slow pace of congressional action on targeted repeals. The cap took effect for tax year 2026, with advocacy appeals occurring as recently as May 2026 but yielding no legislative momentum. This environment supports the current trader consensus reflected in the 83.5% implied probability that repeal will not occur before 2027.
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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