The 90% cap on gambling loss deductions took effect January 1, 2026, as part of the One Big Beautiful Bill Act enacted in 2025, which modified IRC Section 165(d) to limit itemized wagering losses to 90% of the total (still only against winnings). Bipartisan repeal efforts, including the FAIR BET Act and measures backed by Nevada lawmakers, were introduced shortly after but have stalled without advancing through committee or floor votes. With the change already generating revenue projections and embedded in a larger deficit-offset package, congressional priorities have not aligned for swift reversal before the 2027 tax year. Trader consensus at 83.5% against repeal reflects this legislative inertia and the absence of new catalysts in the current session.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated17% chance
$71,073 Vol.
$71,073 Vol.
Dec 31, 2026
17% chance
$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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 took effect January 1, 2026, as part of the One Big Beautiful Bill Act enacted in 2025, which modified IRC Section 165(d) to limit itemized wagering losses to 90% of the total (still only against winnings). Bipartisan repeal efforts, including the FAIR BET Act and measures backed by Nevada lawmakers, were introduced shortly after but have stalled without advancing through committee or floor votes. With the change already generating revenue projections and embedded in a larger deficit-offset package, congressional priorities have not aligned for swift reversal before the 2027 tax year. Trader consensus at 83.5% against repeal reflects this legislative inertia and the absence of new catalysts in the current session.
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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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
$71,073End 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 took effect January 1, 2026, as part of the One Big Beautiful Bill Act enacted in 2025, which modified IRC Section 165(d) to limit itemized wagering losses to 90% of the total (still only against winnings). Bipartisan repeal efforts, including the FAIR BET Act and measures backed by Nevada lawmakers, were introduced shortly after but have stalled without advancing through committee or floor votes. With the change already generating revenue projections and embedded in a larger deficit-offset package, congressional priorities have not aligned for swift reversal before the 2027 tax year. Trader consensus at 83.5% against repeal reflects this legislative inertia and the absence of new catalysts in the current session.
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
$71,073End Date
Dec 31, 2026Market Opened
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on gambling loss deductions took effect January 1, 2026, as part of the One Big Beautiful Bill Act enacted in 2025, which modified IRC Section 165(d) to limit itemized wagering losses to 90% of the total (still only against winnings). Bipartisan repeal efforts, including the FAIR BET Act and measures backed by Nevada lawmakers, were introduced shortly after but have stalled without advancing through committee or floor votes. With the change already generating revenue projections and embedded in a larger deficit-offset package, congressional priorities have not aligned for swift reversal before the 2027 tax year. Trader consensus at 83.5% against repeal reflects this legislative inertia and the absence of new catalysts in the current session.
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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