Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have received bipartisan backing since early 2026 but repeatedly stalled in committee or via procedural blocks in the House Rules Committee. The 90% cap originated in a Senate amendment to the One Big Beautiful Bill Act signed in July 2025 and took effect for tax year 2026, creating phantom income for break-even gamblers. An IRS hearing in July 2026 drew testimony favoring restoration of full deductibility, and industry figures like Dana White have urged executive action, yet no floor votes or reconciliation vehicles have advanced the change. Traders price the low probability of passage before December 31, 2026, reflecting legislative gridlock and competing priorities.
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$71,482 Vol.
$71,482 Vol.
$71,482 Vol.
$71,482 Vol.
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
Resolver
0x65070BE91...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.
Resolver
0x65070BE91...Multiple repeal bills, including the FAIR BET Act and FULL HOUSE Act, have received bipartisan backing since early 2026 but repeatedly stalled in committee or via procedural blocks in the House Rules Committee. The 90% cap originated in a Senate amendment to the One Big Beautiful Bill Act signed in July 2025 and took effect for tax year 2026, creating phantom income for break-even gamblers. An IRS hearing in July 2026 drew testimony favoring restoration of full deductibility, and industry figures like Dana White have urged executive action, yet no floor votes or reconciliation vehicles have advanced the change. Traders price the low probability of passage before December 31, 2026, reflecting legislative gridlock and competing priorities.
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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