**The 90% cap on gambling loss deductions originated in the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, and applies to tax year 2026 filings.** This replaced the prior 100% deduction (limited to winnings) with a new restriction, creating potential phantom income for bettors who break even. Bipartisan repeal efforts, including the FAIR Bet Act and statements from House Ways and Means Chairman Jason Smith following a 2025 Las Vegas hearing, have generated industry support and public calls such as Dana White’s May 2026 letter to President Trump. However, these measures have faced procedural delays, failed to advance through committee or floor votes, and competed with broader legislative priorities. As of mid-2026, no repeal legislation has passed, leaving the cap on track for implementation. Prediction markets reflect this consensus, pricing low odds of reversal before 2027 due to legislative inertia and the absence of imminent congressional action.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update17% tsansa
$71,073 Vol.
$71,073 Vol.
Dec 31, 2026
17% tsansa
$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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 originated in the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, and applies to tax year 2026 filings.** This replaced the prior 100% deduction (limited to winnings) with a new restriction, creating potential phantom income for bettors who break even.
Bipartisan repeal efforts, including the FAIR Bet Act and statements from House Ways and Means Chairman Jason Smith following a 2025 Las Vegas hearing, have generated industry support and public calls such as Dana White’s May 2026 letter to President Trump. However, these measures have faced procedural delays, failed to advance through committee or floor votes, and competed with broader legislative priorities.
As of mid-2026, no repeal legislation has passed, leaving the cap on track for implementation. Prediction markets reflect this consensus, pricing low odds of reversal before 2027 due to legislative inertia and the absence of imminent congressional action.
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.
Binuksan ang Market: Nov 5, 2025, 2:32 PM ET
Volume
$71,073Petsa ng Pagtatapos
Dec 31, 2026Binuksan ang Market
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 originated in the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, and applies to tax year 2026 filings.** This replaced the prior 100% deduction (limited to winnings) with a new restriction, creating potential phantom income for bettors who break even.
Bipartisan repeal efforts, including the FAIR Bet Act and statements from House Ways and Means Chairman Jason Smith following a 2025 Las Vegas hearing, have generated industry support and public calls such as Dana White’s May 2026 letter to President Trump. However, these measures have faced procedural delays, failed to advance through committee or floor votes, and competed with broader legislative priorities.
As of mid-2026, no repeal legislation has passed, leaving the cap on track for implementation. Prediction markets reflect this consensus, pricing low odds of reversal before 2027 due to legislative inertia and the absence of imminent congressional action.
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
$71,073Petsa ng Pagtatapos
Dec 31, 2026Binuksan ang Market
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...**The 90% cap on gambling loss deductions originated in the One Big Beautiful Bill Act (OBBBA), enacted in July 2025, and applies to tax year 2026 filings.** This replaced the prior 100% deduction (limited to winnings) with a new restriction, creating potential phantom income for bettors who break even. Bipartisan repeal efforts, including the FAIR Bet Act and statements from House Ways and Means Chairman Jason Smith following a 2025 Las Vegas hearing, have generated industry support and public calls such as Dana White’s May 2026 letter to President Trump. However, these measures have faced procedural delays, failed to advance through committee or floor votes, and competed with broader legislative priorities. As of mid-2026, no repeal legislation has passed, leaving the cap on track for implementation. Prediction markets reflect this consensus, pricing low odds of reversal before 2027 due to legislative inertia and the absence of imminent congressional action.
Eksperimental na AI-generated summary na nire-reference ang Polymarket data. Hindi ito trading advice at wala itong papel sa kung paano nire-resolve ang market na ito. · Na-update
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