What are the odds that Cap on gambling loss deductions repealed before 2027?

As of November 6, 2026, Polymarket prices Yes at 20.5% and No at 79.5%, on $74K of total volume.

When does this market resolve?

The market is scheduled to close on January 1, 2027. It resolves under Polymarket's rules once the outcome is known, which can be earlier or later than the listed date.

How much has been traded?

$74K in total and $451 in the last 24 hours, with about $433 of resting liquidity.

Can I trade this market?

Polymarket restricts access by location; the US version (Polymarket US) and the offshore site have different rules and fee schedules. Check availability in your jurisdiction. BetG8 earns a referral fee from the Polymtrade links on this page.

Home / Markets / Cap on gambling loss deductions repealed before 2027?

Live market data

Cap on gambling loss deductions repealed before 2027?: live odds and probabilities

Name: Cap on gambling loss deductions repealed before 2027? prediction market prices
Creator: BetG8

Polymarket traders currently price Yes at 20.5% (-1.0 pts in 24h). $74K has traded on this market.

Updated 2026-11-06 03:04 UTC · Source: Polymarket · 18+ · Market prices, not predictions or advice

Yes probability

20.5%

No 79.5% · Trade →

24h move

-1.0

pts · 7d -7.0

Volume

$74K

24h $451 · liquidity $433

Closes

January 1, 2027

56 days left

Fiscal Taxes Politics Recurring

All outcomes

Outcome	Probability	24h	7d	Volume	Spread
Yes	20.5%	-1.0	-7.0	$74K	15.0¢
No	79.5%	+1.0	+7.0	$74K	–

Prices are the Polymarket mid or last trade at 2026-11-06 03:04 UTC. A price of 64¢ implies roughly a 64% chance. Prices include spread and are not forecasts by BetG8.

Price history

Yes

Market rules and resolution

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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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.

How to read this market

Each share pays $1 if its outcome happens. Buying Yes at 21% risks 21¢ to win 80¢. Prices move with news and order flow, and thin markets can swing on small trades, so check volume and spread before treating a number as the crowd's view. See our guides to implied probability and how markets resolve.

Frequently asked questions

What are the odds that Cap on gambling loss deductions repealed before 2027?: As of November 6, 2026, Polymarket prices Yes at 20.5% and No at 79.5%, on $74K of total volume.
When does this market resolve?: The market is scheduled to close on January 1, 2027. It resolves under Polymarket's rules once the outcome is known, which can be earlier or later than the listed date.
How much has been traded?: $74K in total and $451 in the last 24 hours, with about $433 of resting liquidity.
Can I trade this market?: Polymarket restricts access by location; the US version (Polymarket US) and the offshore site have different rules and fee schedules. Check availability in your jurisdiction. BetG8 earns a referral fee from the Polymtrade links on this page.

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Data: Polymarket Gamma and CLOB APIs, fetched by BetG8 at the time shown above. Venues may restrict access by location. 18+ only.