The 90% cap on gambling loss deductions took effect January 1, 2026, under the One Big Beautiful Bill Act, which made prior limitations permanent while adding the new restriction to offset revenue. Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have drawn bipartisan co-sponsors from both chambers, particularly Nevada members and some Republicans, yet all remain stalled in committee without hearings or floor action as of mid-2026. Senate Republicans blocked an earlier unanimous consent attempt, a discharge petition garnered minimal support, and competing legislative priorities plus the provision’s projected $1.1 billion revenue score have limited momentum. Recent advocacy, such as industry letters to the administration, shifted ancillary prediction markets modestly but produced no legislative breakthrough. Traders therefore assign an 86.5% probability that the cap stays in place through the end of 2026.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$70,216 Vol.
$70,216 Vol.
Dec 31, 2026
$70,216 Vol.
$70,216 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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, under the One Big Beautiful Bill Act, which made prior limitations permanent while adding the new restriction to offset revenue. Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have drawn bipartisan co-sponsors from both chambers, particularly Nevada members and some Republicans, yet all remain stalled in committee without hearings or floor action as of mid-2026. Senate Republicans blocked an earlier unanimous consent attempt, a discharge petition garnered minimal support, and competing legislative priorities plus the provision’s projected $1.1 billion revenue score have limited momentum. Recent advocacy, such as industry letters to the administration, shifted ancillary prediction markets modestly but produced no legislative breakthrough. Traders therefore assign an 86.5% probability that the cap stays in place through the end of 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.
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
$70,216End 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, under the One Big Beautiful Bill Act, which made prior limitations permanent while adding the new restriction to offset revenue. Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have drawn bipartisan co-sponsors from both chambers, particularly Nevada members and some Republicans, yet all remain stalled in committee without hearings or floor action as of mid-2026. Senate Republicans blocked an earlier unanimous consent attempt, a discharge petition garnered minimal support, and competing legislative priorities plus the provision’s projected $1.1 billion revenue score have limited momentum. Recent advocacy, such as industry letters to the administration, shifted ancillary prediction markets modestly but produced no legislative breakthrough. Traders therefore assign an 86.5% probability that the cap stays in place through the end of 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.
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
$70,216End 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, under the One Big Beautiful Bill Act, which made prior limitations permanent while adding the new restriction to offset revenue. Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have drawn bipartisan co-sponsors from both chambers, particularly Nevada members and some Republicans, yet all remain stalled in committee without hearings or floor action as of mid-2026. Senate Republicans blocked an earlier unanimous consent attempt, a discharge petition garnered minimal support, and competing legislative priorities plus the provision’s projected $1.1 billion revenue score have limited momentum. Recent advocacy, such as industry letters to the administration, shifted ancillary prediction markets modestly but produced no legislative breakthrough. Traders therefore assign an 86.5% probability that the cap stays in place through the end of 2026.
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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