Cap on gambling loss deductions repealed before 2027?

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Market pricing makes Cap on gambling loss deductions repealed before 2027? the favorite at 35%, as of .

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Cap on gambling loss deductions repealed before 2027?35%

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1 AI-matched news signals available across this event, newest first. Entry price is the called side when the news hit; the signed return marks it against the outcome’s latest price as of .

YESdbws.io93%match21¢+67%
Tax Committee Moves to Reverse Gambling Loss Deduction Rule -- WSJ

What is this event about?

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will resolve to "Yes" if the 90% cap on gambling loss deductions enacted in the 2025 "Big Beautiful Bill" is fully repealed by December 31, 2026, 11:59 PM ET.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