The 90% cap on gambling loss deductions enacted in the One Big Beautiful Bill Act of July 2025 remains in effect for tax year 2026, with no repeal legislation advancing through Congress as of August 2026. Advocacy from industry figures such as Dana White and bipartisan proposals, including from Nevada representatives, generated temporary attention earlier in the year but produced no floor votes or committee progress amid competing tax and appropriations priorities. Traders assign only a 21.5% chance of repeal before 2027, reflecting the slow pace of tax code corrections, limited remaining session time before the provision’s first filing impact in early 2027, and absence of White House or leadership signals favoring swift reversal.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated18% chance
$71,460 Vol.
$71,460 Vol.
Dec 30, 2026
18% chance
$71,460 Vol.
$71,460 Vol.
Dec 30, 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 enacted in the One Big Beautiful Bill Act of July 2025 remains in effect for tax year 2026, with no repeal legislation advancing through Congress as of August 2026. Advocacy from industry figures such as Dana White and bipartisan proposals, including from Nevada representatives, generated temporary attention earlier in the year but produced no floor votes or committee progress amid competing tax and appropriations priorities. Traders assign only a 21.5% chance of repeal before 2027, reflecting the slow pace of tax code corrections, limited remaining session time before the provision’s first filing impact in early 2027, and absence of White House or leadership signals favoring swift reversal.
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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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
$71,460End 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. The 90% cap on gambling loss deductions enacted in the One Big Beautiful Bill Act of July 2025 remains in effect for tax year 2026, with no repeal legislation advancing through Congress as of August 2026. Advocacy from industry figures such as Dana White and bipartisan proposals, including from Nevada representatives, generated temporary attention earlier in the year but produced no floor votes or committee progress amid competing tax and appropriations priorities. Traders assign only a 21.5% chance of repeal before 2027, reflecting the slow pace of tax code corrections, limited remaining session time before the provision’s first filing impact in early 2027, and absence of White House or leadership signals favoring swift reversal.
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
$71,460End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on gambling loss deductions enacted in the One Big Beautiful Bill Act of July 2025 remains in effect for tax year 2026, with no repeal legislation advancing through Congress as of August 2026. Advocacy from industry figures such as Dana White and bipartisan proposals, including from Nevada representatives, generated temporary attention earlier in the year but produced no floor votes or committee progress amid competing tax and appropriations priorities. Traders assign only a 21.5% chance of repeal before 2027, reflecting the slow pace of tax code corrections, limited remaining session time before the provision’s first filing impact in early 2027, and absence of White House or leadership signals favoring swift reversal.
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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