The 90% cap on wagering loss deductions under Section 165(d) took effect for tax year 2026 via the One Big Beautiful Bill Act, limiting offsets to winnings and creating phantom income for break-even filers. Multiple repeal efforts in 2026—including the FAIR BET Act, FULL HOUSE Act, and attached amendments—have stalled in committee or been blocked by House Republican leadership, despite bipartisan cosponsors from gaming-state lawmakers and advocacy from the American Gaming Association. An IRS hearing in July and industry outreach, such as UFC’s May letter to the administration, have not produced legislative movement. With Congress facing a compressed calendar before year-end and no must-pass vehicle advancing the change, traders assign low odds to full repeal by December 31, 2026.
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-update19% tsansa
$71,482 Vol.
$71,482 Vol.
Dec 31, 2026
19% tsansa
$71,482 Vol.
$71,482 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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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 wagering loss deductions under Section 165(d) took effect for tax year 2026 via the One Big Beautiful Bill Act, limiting offsets to winnings and creating phantom income for break-even filers. Multiple repeal efforts in 2026—including the FAIR BET Act, FULL HOUSE Act, and attached amendments—have stalled in committee or been blocked by House Republican leadership, despite bipartisan cosponsors from gaming-state lawmakers and advocacy from the American Gaming Association. An IRS hearing in July and industry outreach, such as UFC’s May letter to the administration, have not produced legislative movement. With Congress facing a compressed calendar before year-end and no must-pass vehicle advancing the change, traders assign low odds to full repeal by December 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.
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
$71,482Petsa ng Pagtatapos
Jan 1, 2027Binuksan 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 wagering loss deductions under Section 165(d) took effect for tax year 2026 via the One Big Beautiful Bill Act, limiting offsets to winnings and creating phantom income for break-even filers. Multiple repeal efforts in 2026—including the FAIR BET Act, FULL HOUSE Act, and attached amendments—have stalled in committee or been blocked by House Republican leadership, despite bipartisan cosponsors from gaming-state lawmakers and advocacy from the American Gaming Association. An IRS hearing in July and industry outreach, such as UFC’s May letter to the administration, have not produced legislative movement. With Congress facing a compressed calendar before year-end and no must-pass vehicle advancing the change, traders assign low odds to full repeal by December 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.
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
$71,482Petsa ng Pagtatapos
Jan 1, 2027Binuksan ang Market
Nov 5, 2025, 2:32 PM ETResolver
0x65070BE91...The 90% cap on wagering loss deductions under Section 165(d) took effect for tax year 2026 via the One Big Beautiful Bill Act, limiting offsets to winnings and creating phantom income for break-even filers. Multiple repeal efforts in 2026—including the FAIR BET Act, FULL HOUSE Act, and attached amendments—have stalled in committee or been blocked by House Republican leadership, despite bipartisan cosponsors from gaming-state lawmakers and advocacy from the American Gaming Association. An IRS hearing in July and industry outreach, such as UFC’s May letter to the administration, have not produced legislative movement. With Congress facing a compressed calendar before year-end and no must-pass vehicle advancing the change, traders assign low odds to full repeal by December 31, 2026.
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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